Coinbase Has No Plans To Shut Down Staking Or Delist Tokens C | CryptoSoul

Coinbase Has No Plans To Shut Down Staking Or Delist Tokens

Coinbase’s Chief Executive Officer Brian Armstrong has revealed that the Securities and Exchange Commission’s lawsuit against his company will have no impact on its operations. Armstrong confirmed that the largest crypto exchange in the United States will not shut down its staking services, which was one of the products that prompted the enforcement action from the SEC. 

Staking Program Accounts For 3% of Coinbase’s Net RevenueBrian Armstrong’s comments came a day after his exchange was sued by the SEC for operating as an unregistered securities exchange, broker, and clearing agency. While speaking at the Bloomberg Invest Conference earlier today, Armstrong revealed that Coinbase would continue offering staking services to its clients. The executive added that the staking program contributed 3% to the company’s overall net revenue. 

Even though this complaint came in from the SEC it’s really business as usual today,  we’re continuing to trade the assets that we have on our platform. We’re not going to wind down our staking service. Coinbase’s staking product is architected and built in a way to be compliant.