Coinbase and Base: Is crypto just becoming traditional finance 2.0?
The future of crypto looks more like Facebook’s abandoned Diem project than the cypherpunk ethos that Bitcoin started with 16 years ago.
![Coinbase and Base: Is crypto just becoming traditional finance 2.0?](https://s3.magazine.cointelegraph.com/magazine/wp-content/uploads/2025/02/magazine-Do-Base-and-Coinbase-have-too-much-power-over-cryptoEthereum-scaled.jpg?#)
The future of crypto looks more like Facebook’s abandoned Diem project than the cypherpunk ethos that Bitcoin started with 16 years ago.
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