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Coinbase Stock Plunges as SEC Charges Crypto Exchange
Coinbase Stock Plunges as SEC Charges Crypto Exchange

Coinbase Global stock plunged in premarket trading on Tuesday after the U.S. Securities and Exchange Commission sued the cryptocurrency broker over years of alleged violations of securities rules. Shares in Coinbase shed 14% in the premarket after the news broke, a day after the SEC charged rival exchange Binance, Binance.U.S., and its founder with a number of securities charges.
Coinbase falls after US SEC threatens to sue over some crypto products
Coinbase falls after US SEC threatens to sue over some crypto products

Global regulators are keeping a close watch on the crypto world after a string of high-profile collapses wiped out more than a trillion dollars from the digital assets industry's market capitalization last year. In the aftermath of the turmoil, the SEC has raised scrutiny over certain crypto services and how the companies hold customers deposits. Brokerage KBW analysts said in a note they had expected the SEC to serve Coinbase with a Wells notice and that the move will likely create an overhan
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