Ethereum News Daily TheBitTimes.com

Just a day after Binance , the Securities and Exchange Commission (SEC) has charged US Crypto exchange Coinbase for allegedly violating federal securities law. The SEC warned Coinbase that it could soon sue back in March, when it issued a Wells Notice. In its lawsuit issued on Tuesday, Coinbase is accused of operating an unregistered broker, exchange, and clearing agency. The complaint says the firm “never registered with the SEC” to provide these functions, “thus evading the disclosure regime that Congress has established for our securities markets.” The firm’s listed tokens along with its Prime, Wallet, and staking products were identified by the SEC as alleged violations of securities law. Coinbase is accused of knowingly listing high risk assets that “had the characteristics of securities,” the lawsuit added. “To realise exponential growth of the Coinbase Platform and boost its own trading profits, Coinbase made the strategic business decision to add Crypto assets to the Coin...

Proving their supremacy when it comes to investor security and prioritizing investor interests is where decentralized finance has the ability to shine. For most retail crypto investors, centralized digital marketplaces like Binance, Coinbase, Kraken, and many more have been the preferred gateway to the world of cryptocurrency trading. However, as leaked customer data like the recent Gemini case and misappropriated funds like the FTX debacle continue to plague the space, crypto investors have been looking into alternatives. According to a Delphi Digital analysis following the FTX crash, DEX tokens saw a 24% uptick, and CEX tokens saw a 2% decline. The lack of transparency in how CEX operations are run has become a major driver for this trend shift. What’s more, a lot of platforms claim complete Decentralization when in fact, there’s a centralized element to them. But do DEXs have what it takes to take over the crypto exchange space? Are DEXs better than CEXs? The centralized control ov...