Past performance does not guarantee future results. Trading cryptocurrencies is not supervised by any EU regulatory framework. You should consider whether you understand how an investment works and whether you can afford to take the high risk of losing your money.Ĭryptocurrencies can fluctuate widely in prices and are, therefore, not appropriate for all investors. Each investment is unique and involves unique risks.ĬFDs and other derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. contracts for difference (“CFDs”) is speculative and carries a high level of risk. Risk Warning: Investing in digital currencies, stocks, shares and other securities, commodities, currencies and other derivative investment products (e.g. A hyperlink to or positive reference to or review of a broker or exchange should not be understood to be an endorsement of that broker or exchange’s products or services.

Notwithstanding any such relationship, no responsibility is accepted for the conduct of any third party nor the content or functionality of their websites or applications. We may receive financial compensation from these third parties. Please be aware that some of the links on this site will direct you to the websites of third parties, some of whom are marketing affiliates and/or business partners of this site and/or its owners, operators and affiliates. The SEC has been coming after crypto exchanges in recent months, including Kraken.Ĭoinbase’s stock price has dipped by more than 15% during Tuesday’s pre-market trading session following this latest development. The regulatory agency also claimed that Binance CEO exercised control over customer assets, adding that he combined them with personal and company holdings.

The SEC alleged that Binance was offering services to high-valued US customers on its platform, which is in violation of U.S.

The lawsuit against Coinbase comes barely 24 hours after the SEC went after Binance, the world’s largest cryptocurrency exchange by daily trading volume. The crypto exchange now filed a lawsuit against the SEC in April, asking the securities regulator to provide a yes or no to its request for the commission to draft and approve a digital asset-specific rule. This latest development comes as the SEC and Coinbase have been battling a legal case over the past few months.Įarlier this year, the SEC issued Coinbase a Wells Notice, indicating that it is looking into the affairs of the cryptocurrency exchange. SEC filed the lawsuit in a New York Federal court.Ĭoinbase is yet to respond to the lawsuit. The regulatory agency alleged that several tokens offered by the crypto exchange are securities. Thus, the SEC claims that Coinbase has been evading the disclosure scheme for securities markets.

SEC filed the lawsuit a few minutes ago, alleging that Coinbase has never registered as a broker, national securities exchange or clearing agency. This latest cryptocurrency news comes barely 24 hours after the SEC slapped a lawsuit against rival exchange Binance. The United States Securities and Exchange Commission (SEC) has filed a lawsuit against Coinbase, one of the leading crypto exchanges in the world. SEC sues Coinbase for acting as an unregistered broker This latest development comes a few hours after the regulatory agency sued Binance. The US SEC has sued crypto exchange Coinbase for acting as an unregistered broker.

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