The US securities regulator is suing Coinbase for issuing unregistered securities.
The prices of altcoins mentioned in the lawsuit were down significantly at press time.
Cryptocurrencies
and stocks of companies related to the industry continued to fall on Tuesday
after the US securities regulator sued Coinbase, the largest cryptocurrency
exchange in the country, for allegedly violating multiple federal securities laws.
Coinbase (COIN)
stock, which counts Cathie Wood’s ARK Invest, The Vanguard Group, Fidelity, and
BlackRock, among some of its top shareholders, plunged as low as 20% in
pre-market trading on Tuesday before paring some of the losses, according to TradingView.
Coinbase's stock price movements in the past hours. Source: TradingView
Altcoins Lead Losses
Also, altcoins (digital assets alternative to Bitcoin) including Solana (SOL), Cardano (ADA), and Polygon (MATIC), were listed in the lawsuit and were affected by the ordeal. As of press time, SOL, ADA, and MATIC were down, 5%, 7%, and 10%,
respectively, in the weekly chart.
How some selected crypto tokens' prices have fallen in past hours. Source: CoinMarketCap
As reported by
Finance Magnates on Tuesday, the
SEC sued Coinbase for operating an illegal trading platform and dealing
in unregistered securities. Specifically, the federal securities watchdog claims that Coinbase combined the functions of an exchange, a broker, and a clearing agency, which should have been offered separately according to the law.
"By
collapsing these functions into a single platform and failing to register with
the SEC as to any of the three functions, and not having qualified for any
applicable exemptions from registration, Coinbase has for many years defied the
regulatory structures and evaded requirements that Congress and the SEC have
constructed for the protection of the national securities markets and
investors," the lawsuit alleged.
Additionally, the commission faults the exchange for operating a digital asset
staking-as-a-service programme without the required license or authorization.
"Coinbase had
never had a registration statement filed or in effect with the SEC for its
offers and sales of its Staking Program, thereby depriving investors of
material information about the program, undermining investors’ interests, and
violating the registration provision of the Securities Act of 1933," the SEC explained in the complaint.
Binance in the Storm
Coinbase is not the
only cryptocurrency exchange at loggerheads with the SEC; its counterpart and
the top digital asset exchange, Binance, was hit
with similar charges, including allegations of comingling investors’ funds, on Monday.
Moreover, the regulator has accused Binance’s Co-Founder, Changpeng Zhao, of secretly controlling Binance.US to evade regulations. Binance.US is an affiliate of the exchange in the United States and was meant to be independent of the parent company.
Cryptocurrencies
and stocks of companies related to the industry continued to fall on Tuesday
after the US securities regulator sued Coinbase, the largest cryptocurrency
exchange in the country, for allegedly violating multiple federal securities laws.
Coinbase (COIN)
stock, which counts Cathie Wood’s ARK Invest, The Vanguard Group, Fidelity, and
BlackRock, among some of its top shareholders, plunged as low as 20% in
pre-market trading on Tuesday before paring some of the losses, according to TradingView.
Coinbase's stock price movements in the past hours. Source: TradingView
Altcoins Lead Losses
Also, altcoins (digital assets alternative to Bitcoin) including Solana (SOL), Cardano (ADA), and Polygon (MATIC), were listed in the lawsuit and were affected by the ordeal. As of press time, SOL, ADA, and MATIC were down, 5%, 7%, and 10%,
respectively, in the weekly chart.
How some selected crypto tokens' prices have fallen in past hours. Source: CoinMarketCap
As reported by
Finance Magnates on Tuesday, the
SEC sued Coinbase for operating an illegal trading platform and dealing
in unregistered securities. Specifically, the federal securities watchdog claims that Coinbase combined the functions of an exchange, a broker, and a clearing agency, which should have been offered separately according to the law.
"By
collapsing these functions into a single platform and failing to register with
the SEC as to any of the three functions, and not having qualified for any
applicable exemptions from registration, Coinbase has for many years defied the
regulatory structures and evaded requirements that Congress and the SEC have
constructed for the protection of the national securities markets and
investors," the lawsuit alleged.
Additionally, the commission faults the exchange for operating a digital asset
staking-as-a-service programme without the required license or authorization.
"Coinbase had
never had a registration statement filed or in effect with the SEC for its
offers and sales of its Staking Program, thereby depriving investors of
material information about the program, undermining investors’ interests, and
violating the registration provision of the Securities Act of 1933," the SEC explained in the complaint.
Binance in the Storm
Coinbase is not the
only cryptocurrency exchange at loggerheads with the SEC; its counterpart and
the top digital asset exchange, Binance, was hit
with similar charges, including allegations of comingling investors’ funds, on Monday.
Moreover, the regulator has accused Binance’s Co-Founder, Changpeng Zhao, of secretly controlling Binance.US to evade regulations. Binance.US is an affiliate of the exchange in the United States and was meant to be independent of the parent company.
Elon Musk’s X Teases In-App Crypto Trading, but How Will It Work?
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
