Coinbase Not Shutting Down Staking Service, CEO Armstrong Says

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CoinDesk published this video item, entitled “Coinbase Not Shutting Down Staking Service, CEO Armstrong Says” – below is their description.

Crypto exchange Coinbase (COIN) will continue operating its crypto staking service despite facing lawsuits from state and federal regulators over the program and several of its other offerings, Coinbase CEO Brian Armstrong said Wednesday at the Bloomberg Invest Conference. Plus, a letter from Binance’s counsel says that SEC Chair Gary Gensler should be recused from the case because he once offered to be an “informal advisor.” CoinDesk Managing Editor of Global Policy and Regulation Nikhilesh De breaks down the latest developments.

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About This Source - CoinDesk

CoinDesk is a news site specializing in bitcoin and digital currencies. The site was founded by Shakil Khan and was subsequently acquired by Digital Currency Group.

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Coinbase, Inc. (Nasdaq: COIN) is an American cryptocurrency exchange platform that operates remote-first without an official physical headquarters. The company was founded in 2012 by Brian Armstrong and Fred Ehrsam, and as of March 2021, was the largest cryptocurrency exchange in the United States by trading volume. Coinbase IPO’d on the Nasdaq exchange on 14 April 2021, via a Direct Listing, they carry the stock ticker COIN.

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