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Whether or not Coinbase is operating a securities exchange (they obviously are, despite the fact that I don't necessarily agree that "most" cryptocurrencies the
by humanizersequel 3y ago
Whether or not Coinbase is operating a securities exchange (they obviously are, despite the fact that I don't necessarily agree that "most" cryptocurrencies they list being securities by any reasonable application of the Howey test), and whether Coinbase Earn ("the product") is a security, are two distinct questions.
- tehlike 3y agoWhich part of howey do you think Coinbase earn(not staking, but the product offered by Coinbase themselves) doesn't satisfy and is therefore not a security? I made it explicit between staking (you staking your own money) and doing it through Coinbase.
- humanizersequel 3y ago> not staking, but the product offered by Coinbase themselves But the product Coinbase offers is staking.
- tehlike 3y agoYou are missing the nuance. You can go ahead and try staking your money yourself on the protocol. But do it through coinbase equation changes. Also coinbase earn does defi yield (which is more clear cut securities), but i am in mexico now, and can't tell if this were the case in the US or i am seeing geofenced content.
- humanizersequel 3y agoAFAICT (and I suppose it's possible I'm missing something), here in the US there is nothing on Coinbase Earn besides staking. >do it through coinbase equation changes Why? It's still just staking.
- tehlike 3y agoI'm back in US There's DEFI yield in US. https://www.coinbase.com/earn?filter=DEFI https://www.coinbase.com/earn?filter=DEFI
- humanizersequel 3y agoI clicked on the top 5 of that list and every single one is staking.