The settlement involves Ripple paying a substantially lower fine than earlier mandated.
U.S. cryptocurrency exchange Coinbase (NASDAQ:) has announced that it will be exiting the derivatives market in the country “over the coming months.”
In a statement on Friday, Coinbase said the decision was made due to “evolving regulatory priorities at the SEC.”
Earlier this week, the SEC filed a lawsuit against Coinbase, accusing the exchange of operating a derivatives exchange without proper registration.
Derivatives trading is already banned for U.S. retail investors on Coinbase.
“We are disappointed that the SEC has chosen to pursue this litigation despite the clear and public efforts we made over several years to work collaboratively with them to achieve regulatory clarity for the digital asset industry in good faith,” said Coinbase CEO Brian Armstrong.
“We remain committed to innovating in a way that benefits our users and to working constructively with Congress on legislation that provides comprehensive and technology-neutral regulatory frameworks for the digital asset industry.”
Coinbase will continue to offer spot cryptocurrency trading to U.S. investors.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
