Coinbase’s CEO’s latest statement confirmed that the exchange will not explore ways to move its operations outside of the US.
Coinbase is a US-based Nasdaq-listed crypto exchange. The majority of crypto traders in the US prefer Coinbase’s crypto services as the exchange always follows all the rules to stay in compliance with the financial regulators. In June of this year, the US Securities Exchange Commission (SEC) sued this crypto exchange for making unregistered securities offerings.
Since the beginning of this year, some people have been claiming that the Coinbase exchange could expand services outside the US, leaving the US market in a bad situation. At the time, the situation for the Coinbase exchange was not bad.
But as we know, the SEC sued Coinbase in June, so the current situation for Coinbase is not good. In the current time, Coinbase representatives are providing all sorts of facts and information in the court that Coinbase always followed rules and laws, yet the SEC body forcibly took legal action against the exchange.
Recently, some people in the crypto space claimed that the exchange may now be exploring ways to exit the US market as the current situation for this exchange is very bad. In answer to such claims and rumors, CEO Brian Armstrong said they will not leave the US market.
Coinbase’s CEO also confirmed that the exchange’s crypto services will always remain committed to US crypto investors.
Armstrong admitted that the situation is very bad, but at the same time confirmed that there is no contingency plan to expel the company’s headquarters from the United States.
“It is not even possible at the moment. There is no glass breakage plan. We will stay in the United States,” said Coinbase CEO.
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