$360 Billion can legally be invested by them. I suspect they will start small.
Coinbase announced that its registration statement on Form S-1, as filed with the Securities and Exchange Commission (SEC), relating to a proposed public direct listing of its Class A common stock was declared effective by the SEC on April 1, 2021. The company anticipates that its stock will begin trading on the Nasdaq Global Select Market under the ticker symbol “COIN” on April 14.
By Money & Finance
They have been improving throughput, but transaction volume has outpaced their improvements.
Coinbase specifically cited record breaking exchange volumes on Jan. 7 that were “easily 6x what had already been an elevated steady-state request rate.”
Is it legal to setup my own currency and then allow people to trade it on my own platform?
If i just call it a commodity?
Shouldn’t regulators be protecting the common man instead of implicitly encouraging it by saying “we are watching this”?
Is the SEC going to allow banks to trade these futures and lend credibility to this virtual game?
When the bubble bursts will we be able to investigate and prosecute who knew what when and where?
Just because something is profitable doesn’t make it beneficial or legal.