Coinbase Says It Does Not Operate As A 'Broker' Of Investment Contracts By Making Wallet Software Available To Users
Portfolio Pulse from Happy Mohamed
Coinbase has clarified that it does not operate as a 'broker' of investment contracts by making wallet software available to users. This comes amid regulatory scrutiny over the role of cryptocurrency exchanges.

August 04, 2023 | 3:21 pm
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Coinbase's clarification on its role may help alleviate some regulatory concerns, potentially stabilizing its stock.
Coinbase's clarification on its role as not being a 'broker' of investment contracts could potentially ease some regulatory concerns. This could stabilize its stock in the short term as it reduces uncertainty around the company's operations.
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