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Benzinga
Benzinga
Business
Samyuktha Sriram

Coinbase Faces $5M Class Action Lawsuit Alleging Dogecoin And 78 Other Crypto Tokens Are 'Unlicensed Securities'

Coinbase Global Inc (NASDAQ: COIN) has been slapped with a class-action lawsuit that alleges the cryptocurrency exchange is operating as an unregistered securities bourse.

What Happened: A complaint filed with the Southern District Court of New York on March 11 alleges that Coinbase is selling 79 cryptocurrencies that are unregistered securities.

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