Seeing a lot of people discussing Coinbase opening up registrations in China, I feel like there’s not much to talk about—it’s probably just a temporary hype that’ll fade soon. First off, you could already register before using a passport + HK address. Back when USDC deposits were trending, many of us had been using it for quite a while. Secondly, I checked the registration process with a Chinese ID, and it’s basically a watered-down version. If Coinbase can’t be used to connect to banking systems for USD deposits and withdrawals, then what’s the point of using it? Also, just compare the fees—go take a look. Compared to Binance, OKX, etc., there’s no comparison at all. It’s ridiculously expensive, and in terms of coin selection, liquidity, and product variety, it doesn’t have much of an edge either. On top of that, Coinbase hasn’t built a solid foundation in the Chinese-speaking market, and cultural differences make it feel like it’s bound to struggle here. It’s hard to truly break into the market from the ground up. Determination is one thing, but rules are rules—they don’t change based on anyone’s will.