SEC Investigating Coinbase Over Alleged Securities: Bloomberg

Key Takeaways

• The SEC is probing Coinbase to determine whether it let customers trade unregistered securities, Bloomberg has reported.
• The update follows the SEC’s claim that Coinbase lists “at least nine” securities as part of an insider trading scandal involving a former employee.
• Coinbase has denied that it lists securities and called for the SEC to reconsider how it determines whether an instrument is a security of not.