COIN keeps crushing it. Coinbase's stock is up handily—green for the fourth consecutive green day after news that US regulators settled with top crypto exchange Binance on Tuesday to resolve compliance violations. The stock is up nearly 75% this month, a growth rate that nearly rivals Solana's token surge.
LATEST ON BINANCE AND CZ PLEADING GUILTY TO DOJ CHARGES:
- Binance to pay $4.3B in fines - Binance reached agreements with FinCEN, OFAC, CFTC and will credit $1.8B to them - CZ said "better to ask for forgiveness than permission" toward operating in US - CZ to agree to pay…
As part of its settlement, Binance must retain an independent compliance monitor for three years, enhance its compliance programs, and give the US government access to its records to monitor conformity.
Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial real estate development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business.