![]() Moreover, the company started moving more sophisticated Coinbase Pro accounts or the seasoned investors to a new and advanced platform named “Advanced Trading” in November 2022. ![]() The Coinbase platform is preferred by beginners or novice investors, the new entrants in the cryptocurrency marketspace for straightforward buying and selling orders. It is now operating in more than 100 countries, holding approximately $80 billion in assets. The crypto trading platform now empowers more than 108 million seasoned and novice investors to earn by investing in cryptocurrencies, including BTC, ETH, LTC, DOGE, and so on. ![]() However, with time Coinbase exchange expanded to selling, buying, and trading over 200 cryptocurrencies and adding new tradable coins on a quotidian basis. What is Coinbase?Ĭoinbase is an esteemed and illustrious cryptocurrency exchange founded in the year 2012 with the aim of trading Bitcoin. Still, among bitcoin exchanges, Coinbase stands out. company with a multi-national reach." Click here for more of Yahoo Finance's coverage from the Goldman Sachs Communacopia + Technology Conference.Since its IPO, the share price of COIN has been trending downward, and cryptocurrency has recently taken a beating. Despite the regulatory hurdles, Armstrong says Coinbase will stay in the U.S., but "we do look at everywhere around the world and we look for regulatory clarity, and that helps us prioritize our investments." That being said, Armtrong says "Coinbase is gonna be a U.S. He also says it "would certainly help" the company someone other than Gary Gensler were leading the SEC. In an interview with Yahoo Finance, Coinbase Global CEO Brian Armstrong says his company has "good relationships" with SEC staff, but that "leadership there has taken a very hostile view towards crypto.regulation by enforcement posture instead of just engaging in rule making as they're required to by law." Armstrong believes ultimately the issues facing the company will be resolved. It was the one of the many actions by the SEC that has the crypto world frustrated by the agency. Securities and Exchange Commission sued Coinbase Global (COIN), alleging the company broke securities law by acting as an unregistered exchange, broker, and clearing agency. Yahoo Finance Video Coinbase CEO: SEC leadership has 'very hostile' view of crypto regulation Click here for more of Yahoo Finance's coverage from the Goldman Sachs Communacopia + Technology Conference. When it comes to the 2024 race, Armstrong thinks crypto could be a "hot topic" in the race for the White House, with Americans holding candidates' feet to the fire to hear their positions on the issue. Armstrong told Sozzi earlier in the interview that it "would certainly help" the industry if Gary Gensler were no longer SEC Chair, which would likely happen if a Republican were to defeat President Joe Biden in 2024. He also suggests there could be a new SEC chair in 2024. Armstrong says there are a few ways the industry to get some clarity, such as through the courts, congress, and the CFTC. One of the issues facing the crypto industry is the lack of regulatory clarity. Armstrong tells Yahoo Finance Executive Editor Brian Sozzi about the company's recently launched Base layer 2 blockchain network and things like flatcoin, which he says Coinbase isn't working on yet, but is interested in. Yahoo Finance Video Coinbase CEO on company's next steps, why crypto will be a 'hot topic' in 2024 WH raceĬoinbase CEO Brian Armstrong (COIN) is shedding a little light on what his company is working on next.
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