Berenberg suggested that the U.S. Securities and Exchange Commission (SEC) will soon file a sanctions lawsuit against Coinbase (COIN).
German banking giant Berenberg, in its research report published on May 15, of the SEC Coming soon, the largest cryptocurrency exchange in the USA Sanctions case against Coinbase He said he could open it.
Berenberg, cryptocurrency exchange 31 March expired on at 12 months approximate net income 86% of from US operations that you got highlighting the stock market USA with regulators rapport stressed the importance of working in This is the share of this situation to 10% close to depreciate He said it could lead to
of the stock market from the USA quite far away tough While it was stated in the report that there would be a move, the case Bittrex And Kraken The possibility of progressing through the staking service in a similar direction to the cases was mentioned. It was stated that the income from the staking service of USD Coin (USDC) can be plugged into the SEC’s network.
In addition, the bank reported Coinbase’s net income in the first quarter of the year. 736 million recorded in dollars and that this income 37% of Bitcoin (BTC) assets other than trading And from staking services underlined the achievement. of kraken SEC made with under the agreement staking operations are terminated an important reminder loss of income noted that it is possible.
Berenberg analyst Mark Palmer, of these revenue sources soon to be submitted in pending execution SEC by will be targeted he predicted.
According to Nasdaq data COIN, end 24 hours in 5.98% by gaining value $60.77 traded at the level.