Coinbase has no plans to delist assets or end staking service

2023-6-8 01:52

Coinbase executives have stated that their company does not intend to end support for tokens and services named in a securities case.

Coinbase doesn’t intend to reduce options

The U.S. Securities and Exchange Commission (SEC) filed charges against Coinbase on June 6. It identified at least 13 of the cryptocurrencies listed by Coinbase, as well as the company’s staking service, as securities or investment contracts.

Nevertheless, Coinbase has “no plans to delist any of these assets,” Chief Legal Officer Paul Grewal said in a statement to TechCrunch on June 7.

Coinbase CEO Brian Armstrong, meanwhile, told Bloomberg that the company does not intend to discontinue its staking services and that it is “business as usual.”

Despite executives’ attempts to assure users that the status quo will continue, Coinbase has removed opportunities in the past. Notably, it has halted XRP trading since 2021, and it explicitly cites the SEC’s case against Ripple as the reason for that choice.

Coinbase also delisted Binance (BUSD) and removed Algorand (ALGO) from its staking options around the time of regulatory concerns, though its reasons for those delistings may be only tangentially connected to regulatory events. Additionally, Coinbase ended its Lend program following legal threats from the SEC in 2021.

Binance.US has already delisted assets

Though Coinbase plans to avoid delisting, one of its competitors has already revealed delistings. Binance.US received its own SEC charges on June 5, and it has announced that it will delist numerous trading pairs and pause OTC trading.

Those delistings do not extend to Binance.com, the company’s global arm.

Meanwhile, at least one crypto project named in the SEC’s case is attempting to show that it does not pose a listing risk. Cardano developer Input Output has stated that its ADA token is not a security, contrary to the text of the SEC cases it is named in.

The post Coinbase has no plans to delist assets or end staking service appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Mega Lottery Services Global (MLR) на Currencies.ru

$ 0.0029261 (+0.57%)
Объем 24H $1
Изменеия 24h: 7.48 %, 7d: -18.10 %
Cегодня L: $0.0029261 - H: $0.0029261
Капитализация $0 Rank 3494
Доступно / Всего 0 MLR / 1b MLR

coinbase securities intend case doesn services named

coinbase securities → Результатов: 126


Coinbase Custody broker-dealer previously charged with putting customer assets at risk

Coinbase’s new solution for institutional investors launched yesterday to great fanfare. It offers solutions for long-awaited institutional money to flow into the market. Electronic Transaction Clearing [ETC], the registered broker-dealer through which Coinbase aims to conduct transactions, was charged by the US Securities and Exchanges Commission [SEC], earlier this year. The charges against it were […]

2018-7-4 00:58


Фото:

Coinbase: Over 100 Pages of SEC Complaints Reveal Fraud Allegations

Leading U. S. cryptocurrency exchange Coinbase is under heavy criticism by its users for being underprepared to handle increasing demand. Coinbase Not Ready For Its Own Success The criticism was documented by a five-month Freedom of Information Act (FOIA) process, which comprised a total of 134 pages of complaints filed by users of the exchange with the U.

2018-6-25 21:00


Фото:

Coinbase Fraud Accusations Could Set Coinbase Domination Plans Back

Coinbase want to become the worlds biggest and best cryptocurrency exchange. This is hardly surprising as I am sure every cryptocurrency exchange would want to achieve that accolade. Either way, we are seeing reports today that discuss how Coinbase has had a number of complaints filed against it in the United States, complaints that now looking to be engaging the involvement of the US Securities and Exchange Commission (SEC).

2018-6-22 18:00


Фото:

Confirmation Regarding Ripple XRP As A Security, What’s Been Said?

The security debate continues to surround Ripple and Ripple XRP, the native currency to the Ripple network. Very recently, the United States Securities and Exchange Commission (SEC) have spoken out stating that both Bitcoin and Ethereum do not carry the necessary attributes to be considered a security however, there’s still no official news regarding XRP.

2018-6-18 14:00