The decision to settle removes some regulatory uncertainty overhanging one of the few publicly-listed firms in the turbulent crypto industry

Crypto

Coinbase Global agreed to a $100m settlement with the New York Department of Financial Services over failures in the cryptocurrency broker’s compliance programme.

Shares in Coinbase gained about 11% after the open as investors reacted to the news, which removes some regulatory uncertainty overhanging one of the few publicly-listed firms in the turbulent crypto industry.

Coinbase stock jumps after $100m settlement over compliance failures

Jack Denton

Coinbase

Currencies

Financial Regulation

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