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Case Status:    ONGOING    
On or around 07/27/2022 (Date of last review)

Filing Date: October 08, 2021

According to the Complaint, Coinbase Global, Inc. is a cryptocurrency exchange.

The Complaint alleges that, despite the fact that the Coinbase Digital Asset Platforms, as operated by Coinbase, meet the definition of an “exchange” under federal securities laws, Coinbase has not registered the Coinbase Digital Asset Platforms as national securities exchanges, nor does Coinbase operate the Coinbase Digital Asset Platforms pursuant to an exemption from registration. The Complaint further alleges that Coinbase’s failure to so register is a violation of Section 5 of the Exchange Act.

On January 11, 2022, the Court issued an Order appointing Lead Plaintiffs and Counsel. Lead Plaintiffs filed an amended Complaint on March 11.

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