Coinbase is the largest crypto exchange in the United States, listed on NASDAQ as a public company with a corporate office in Los Angeles, but now it is planning to leave the US!
Introduced COINBASE International
Coinbase has expanded its business to form an international platform. It is free from the regulations of the United States. With this new platform, Coinbase Pro will now just be the US branch of Coinbase, and aside from that, Coinbase will try to compete with BINANCE at the global level.
Will Coinbase leave the US?
Coinbase has sued the Securities and Exchange Commission after being too upset by the SEC's excesses, but the SEC is a government and independent agency, so it is able to continue its practises anyway. Coinbase CEO Brian Armstrong has announced that he is leaving the US if matters with the SEC are not solved. International platform is the hint of that time.
Lawsuits Problem
On May 1, Adam Grabski, an early Coinbase stakeholder, accused some of its senior officials, including CEO Brian Armstrong, of insider trading in a derivatives lawsuit filed with the Delaware Court of Chancery. As a result, the value of Coinbase shares has decreased. Whether the accusations are accurate or not, the lawsuit is detrimental to the business, and Coinbase will look to market itself through a global network.
