Cryptocurrency Q&A
Does Coinbase operate as a securities trader?
Does Coinbase operate as a securities trader?
Sara
Thu Oct 03 2024
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6 answers
1720
I'm curious to know if Coinbase functions as a securities trader. Could you elaborate on whether they engage in the buying and selling of securities, such as stocks and bonds? Additionally, how does Coinbase's operation differ from that of a traditional securities trader, and what unique services or products do they offer to their clients? Furthermore, are there any regulatory considerations or restrictions that Coinbase must adhere to in their operations?
6 answers
GwanghwamunGuardianAngelWingsBlessing
Sat Oct 05 2024
The SEC's allegations against Coinbase are centered around the exchange's operations, which the regulator claims to have been conducted without proper registration as a broker, exchange, and clearing agency.
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Andrea
Sat Oct 05 2024
Coinbase, however, strongly disputes these claims. In its motion, the company emphasizes that it does not engage in securities trading, differentiating itself from other financial entities that may be subject to such regulations.
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Martino
Sat Oct 05 2024
The ongoing legal battle highlights the evolving regulatory landscape surrounding cryptocurrency exchanges. As the industry grows, regulators are increasingly scrutinizing the operations of these platforms to ensure compliance with existing laws.
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SsangyongSpiritedStrengthCourageBravery
Sat Oct 05 2024
BTCC, another leading cryptocurrency exchange, offers a wide range of services to its users. These include spot trading, futures trading, and a secure wallet solution, among others.
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EthereumEmpire
Sat Oct 05 2024
Coinbase, a renowned cryptocurrency platform, has recently filed a motion asserting its non-involvement in securities trading. This move comes as a response to a lawsuit initiated by the SEC in June.
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