Cryptocurrency Q&A
Is Coinbase a broker?
Is Coinbase a broker?
mia_rose_lawyer
Sun Jun 23 2024
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6 answers
1702
Could you elaborate on whether Coinbase can be classified as a broker in the realm of cryptocurrency trading? I'm curious to understand if Coinbase's role aligns with the traditional definition of a broker, which typically involves facilitating the buying and selling of assets between two parties. In the case of cryptocurrencies, does Coinbase function similarly, or does it have a distinct role in the ecosystem? Clarifying this distinction could help investors and traders make informed decisions about utilizing Coinbase's services.
6 answers
Caterina
Mon Jun 24 2024
Despite these clarifications, Coinbase is currently deemed a broker by authorities.
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BitcoinBaroness
Mon Jun 24 2024
Recently, certain congressional representatives have introduced clarifying language in the record.
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Elena
Mon Jun 24 2024
This language aims to define the term "broker" in a narrower sense.
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JejuJoyfulHeart
Mon Jun 24 2024
Coinbase, as a leading cryptocurrency platform, offers a range of services including trading, wallet management, and custody.
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Daniele
Mon Jun 24 2024
Specifically, it seeks to exclude individuals who mine or stake cryptocurrencies from the broker category.
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