Shares of Coinbase Global Inc. tumbled 10.1% in midday trading Monday, after the U.S. Securities and Exchange Commission charged rival cryptocurrency...
Shares of Coinbase Global Inc.
tumbled 10.1% in midday trading Monday, after the U.S. Securities and Exchange Commission charged rival cryptocurrency exchange Binance Holdings Inc. with more than a dozen securities law violations. Among some of the SEC’s allegations were that Binance and founder Changpeng Zhao misled investors about risk controls and corrupted trading volumes, as well as concealed who was operating the platform. That raised some concern of increased scrutiny of cryptocurrency trading platforms.
tumbled 10.1% in midday trading Monday, after the U.S. Securities and Exchange Commission charged rival cryptocurrency exchange Binance Holdings Inc. with more than a dozen securities law violations. Among some of the SEC’s allegations were that Binance and founder Changpeng Zhao misled investors about risk controls and corrupted trading volumes, as well as concealed who was operating the platform. That raised some concern of increased scrutiny of cryptocurrency trading platforms.
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