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While many solutions allow us to purchase NFTs with credit cards, reducing friction, cryptocurrencies are essential for creating an even more global market. Hours before the collapse was confirmed, Zhao warned the crypto market faced a 2008-style crisis with more failures to come. Zhao shares little about his personal life online, though a recent profile revealed more details about Zhao’s childhood. More recently, it’s been rumored that the social media giant, Facebook, is interested in buying the exchange! It’s hard to say which exchange is bigger because Coinbase isn’t listed on CoinMarketCap. It’s based in Malta, although it has had offices in China, Japan, and Taiwan. High demand and limited supply lead to price increases, while low demand and www.binance.com excess supply lead to price drops.