Two of the world's biggest cryptocurrency exchanges laid out their respective big-picture visions for how their ecosystem should be regulated on Thursday. The differences between them are stark. Why it matters: One of the exchanges, Coinbase, is a big and centralized American company, subject to all U.S. rules and regulations and listed on the Nasdaq. The other, FTX, is a younger, nimbler decentralized exchange of no fixed abode, willing and able to conduct most of its activity outside the reach of U.S. regulators. The twist: Coinbase is taking a much more extreme position than FTX, essentially saying that the ... (full story)