
Coinbase staking product under SEC investigation
The U.S. SEC has multiple probes open against Coinbase, with the latest evaluating its staking product.

The U.S. SEC has multiple probes open against Coinbase, with the latest evaluating its staking product.

Coinbase would allow institutional investors of BlackRock to carry out crypto transactions via its Coinbase Prime feature.

The lawsuits are currently before Federal courts, where the judges have rejected the exchange's move to send the cases into arbitration.

SEC Chairman Gary Gensler urged crypto exchanges to operate according to securities law, as they can't be treated differently because of their technology.

The SEC has doubled its investigation of the crypto exchange since it increased the number of listed tokens on its platform.

The SEC has been accused of using enforcement actions to bring all digital assets into its jurisdiction.

Sherman said the SEC should bring enforcement actions against major exchanges that facilitated Ripple (XRP) trading.

Coinbase in the last seven days had recorded over 10,000 outflows in its Bitcoin holdings while Binance recorded around 20,000 inflows.

Derivatives and spot trading volumes have fallen by over 15% since May across top crypto exchanges.

Bitstamp said the new fee will not apply to users in the U.S. or those with an account balance of over €200.

Goldman Sachs predicts that Coinbase revenue could decline by 61% because of the current market conditions that have affected retail traders.

Several crypto companies have been forced to choose self-preservation over advertising, as the crypto market cap crashes to new lows.