Cathie Wood Says Binance’s Legal Woes Are Good for Coinbase

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Cathie Wood 

Photographer: Eva Marie Uzcategui/Bloomberg

Cathie Wood said Binance Holdings Ltd.’s US legal problems will benefit Coinbase Global Inc. because it would eliminate its main competition.

The world’s two biggest cryptocurrency exchanges are facing a regulatory crackdown after the Securities and Exchange Commission this week sued them for allegedly peddling unregistered securities

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