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Wow. Does Coinbase plan to launch their coin and feel threatened? Seems like a anti-competitive move if so and weird timing with the IPO.
by gotem 6y ago
Wow. Does Coinbase plan to launch their coin and feel threatened? Seems like a anti-competitive move if so and weird timing with the IPO.
- mariocesar 6y ago> Cryptocurrency exchange Coinbase Inc said on Monday it would suspend trading in cryptocurrency XRP after U.S. regulators last week charged associated blockchain firm Ripple with conducting a $1.3 billion unregistered securities offering. It reads to be a good reason to suspend XRP trading
- gotem 6y agoSorry, missed that somehow. Still seems oddly suspicious that it coincides with Coinbase's IPO.
- selectodude 6y agoThat they stopped trading a literal scam? The only suspicious part is they started trading it in the first place.
- mariocesar 6y agoThey are protecting themselves to Not being complicit, or better not to look complicit to the SEC.
- gotem 6y agoOh okay. That makes more sense. Still a bit weird that it's out of a sense of self preservation instead of caring that it was potentially immoral in the first place.
- Kalium 6y agoThis is the kind of thing a company does when something becomes a financial and legal liability.
- diogenescynic 6y agoMaybe do a bit more research then.
- liquidise 6y agoI don't follow the logic here. Cryptos biggest battle (and thus Coinabse's battle by proxy) has been legitimacy. A listed coin coming under SEC ire and Coinbase banning said coin actively harms their IPO, not assists it.
- howlgarnish 6y agoRipple/XRP is under SEC investigation for selling an unregistered security, Coinbase has to stop trading or they'll be an accessory to the crime as well.