Coinbase Faces Tech Issues Amid Regulatory Challenges
Portfolio Pulse from Jose Rodrigo Safdiye
Coinbase Global (NASDAQ:COIN) is facing technical issues, with users experiencing intermittent failures when logging in, initiating trades, and accessing the Earn page. The cause of these issues is unclear. This comes amid regulatory challenges from the U.S. Securities and Exchange Commission (SEC), which wants Coinbase to delist all cryptocurrencies except Bitcoin.
July 31, 2023 | 6:37 pm
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Coinbase is facing technical and regulatory challenges, which could impact its operations and user trust.
The technical issues could disrupt Coinbase's operations and erode user trust, potentially leading to a decrease in user activity and revenues. The regulatory challenges from the SEC could force Coinbase to delist all cryptocurrencies except Bitcoin, which would significantly limit its offerings and could negatively impact its revenues and stock price.
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