Coinbase also aims to achieve great integration on the exchange chain. According to Jesse and Max Branzburg, all assets of the Base network can be directly displayed and traded on the Coinbase App, and Coinbase users can use their exchange balance to make purchases. At present, Coinbase's capital has reached 138.685b, second only to Binance. The daily purchasing power (net buying volume) of Binance Alpha 2.0 is approximately $1.5-4 million, and it is expected that Alpha products like Coinbase can bring about $2 million in net buying volume to assets on the Base network chain every day. It should be noted that the current statement is that Coinbase exchange funds can purchase any assets on the Base chain, which may be unlicensed. This is a bit dangerous for Coinbase, an exchange with a large amount of funds, and even more integrated than Binance Alpha 2.0. At present, Binance Alpha 2.0 is still semi custodial (MPC Wallet+dual contract asset custody) and licensed online, and there are very few assets outside of BSC, because their BSC assets are relatively controllable and licensed for listing to increase audit protection. The core purpose is to avoid being cut off by junk assets and the accumulation of assets on the exchange site. Without permission, it means that in the future, Coinbase may face intense competition and launch on the Base network, attracting exchange users to purchase through pump and dump displays on the Coinbase App homepage, and ultimately harvesting and running away.