Coinbase International announced that it reached $2 billion in transaction volume in July.
Coinbase’s offshore futures exchange reached nearly $2 billion in volume last month. While data on volume lost momentum throughout the month, the overall value was appreciated by audiences. Coinbase, which will report second-quarter earnings on Thursday, launched its Bermuda-registered futures exchange in May as part of what it describes as a “global expansion strategy.” The most striking data since the beginning of the process came in July.
Coinbase is on the agenda with various topics
Coinbase CEO Brian Armstrong, who made a statement recently, talked about a discourse of the SEC against the stock market. Stating that the SEC wanted all cryptocurrencies except Bitcoin to be stopped, Armstrong shook the crypto industry with these statements. Also, the SEC continues its influence on cryptocurrencies, accusing Coinbase of negligence of federal securities law on June 6, describing 13 altcoins as securities.
Commenting on the SEC-Coinbase dispute, Armstrong said, “The SEC made the recommendation before taking legal action against the Nasdaq-listed company last month for not registering as an intermediary.” said. Referring to various solution options, CEO stated that going to court is the clearest way.
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