Published on June 22nd, 2018 | by bitcoin0
Outpacing it’s resources: Coinbase
One user cited by Mashable went so far as to accuse Coinbase of acting “criminally,” while another alleged that they “believe the company is holding my funds to make money on top of my investment.”
Mashable writes that reviewing customers’ filings revealed a “troubling pattern” that indicated that many users were attributing their losses to the exchange’s alleged mismanagement.
One disgruntled user is quoted as writing that they believe the company is prioritizing growth over customers by “knowingly marketing a service it knows it cannot actually provide.”
The exchange has also made progress with its move become a fully SEC-regulated broker dealer via its recent acquisition of a financial services firm.
This would allow it to offer blockchain-based securities on its platform and further expand its trading services, for which it has reportedly been pursuing a federal banking license in parallel.