Shares of Coinbase, the largest US cryptocurrency exchange, gained 12% after a $100 million settlement with the New York Department of Financial Services (NYDFS).
Coinbase shares after settlement news announced by NYDFS %12gaining more than $33.61from $37.70rose up to As part of the settlement of Coinbase, NYDFS 50 million dollar punishment compliance program as well as payment 50 million dollar investment agreed to do it.
.uc5f3f2660c4568a4a3513773a07b065f , .uc5f3f2660c4568a4a3513773a07b065f .postImageUrl , .uc5f3f2660c4568a4a3513773a07b065f .centered-text-area min-height: position: relative; .uc5f3f2660c4568a4a3513773a07b065f , .uc5f3f2660c4568a4a3513773a07b065f:hover , .uc5f3f2660c4568a4a3513773a07b065f:visited , .uc573683f2660b:border573683f2660b; .uc5f3f2660c4568a4a3513773a07b065f .clearfix:after content: “”; display: table; clear: both; .uc5f3f2660c4568a4a3513773a07b065f display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -moz-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -o-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -webkit-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); .uc5f3f2660c4568a4a3513773a07b065f:active , .uc5f3f2660c4568a4a3513773a07b065f:hover opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #34495E; .uc5f3f2660c4568a4a3513773a07b065f .centered-text-area width: 100%; position: relative; .uc5f3f2660c4568a4a3513773a07b065f .ctaText border-bottom: 0 solid #fff; color: #eaeaea; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; .uc5f3f2660c4568a4a3513773a07b065f .postTitle color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; .uc5f3f2660c4568a4a3513773a07b065f .ctaButton background-color: #34495E!important; color: #eaeaea; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://koinbulteni.com/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; ball: 0; .uc5f3f2660c4568a4a3513773a07b065f:hover .ctaButton background-color: #2C3E50!important; .uc5f3f2660c4568a4a3513773a07b065f .centered-text display: table; height: 80px; padding-left: 18px; ball: 0; .uc5f3f2660c4568a4a3513773a07b065f .uc5f3f2660c4568a4a3513773a07b065f-content display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; .uc5f3f2660c4568a4a3513773a07b065f:after content: “”; display: block; clear: both;
Related article: $100M Settlement Between Coinbase and USA
The company’s approximately $100 million potential to the loss despite the shares 12% increase The reason behind showing Stephane Ouellette, CEO of FRNT Financial explained.
Oullette said in a statement that such deals are often in the eyes of investors, as regulators have over the company. the verdict given and I’ll leave him alone for a whileHe stated that I mean. CEO, Coinbase deal a similar in the past New York Attorney General’s (NYAG) Bitfinex and to Tether (USDT) He stated that he had seen it in the case he had filed against him. Oullette, after settlement as a result of litigation both companies relatively by the authorities. less interest and that the regulator your focus other to organizations or to lawsuits He said he moved.
coinbase in 2022 to 90% losing near value 31.83 reached its lowest level (ATL) in its history with dollars. If Coinbase is together in 2023 to 11% experiencing close appreciation 37.70 rose to dollar levels. Coinbase shares are currently at an all-time high (ATH) 429 about a dollar 92% more at low price is being traded.
The article titled Rally in Coinbase Shares Reaching a Settlement with the USA was prepared by Hasan Küçük and published on koinbulteni.com.
source site-9
