Coinbase Admits Being Wrong After Claiming that It Got an Approval from the SEC
The cryptocurrency giant Coinbase has recently bought the platform Earn.com, and it is not going to stop there. This time the exchange is planning to purchase three smaller companies to expand even further. The businesses that will soon belong to the exchange are:
- Digital Wealth LLC;
- Keystone Capital Corp;
- Venovate Marketplace Inc.
“It is not correct to say that the SEC and FINRA approved Coinbase’s purchase of Keystone because SEC was not involved in the approval process.”Although, the SEC is strictly watching over the cryptocurrency industry, in this case their services were not necessary. The spokesperson of the SEC stated that the plans for purchasing were discussed with Coinbase informally. We would like to remind you that Coinbase has recently added new services to its growing list. Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/