Coinbase and its SEC-registered broker-dealers: Are they ready for prime-time?

Coinbase matches crypto trades and holds those assets for customers. Why resist securities?

Part 1, yesterday, ran down the debate over whether Coinbase’s Lend product is a security and why it should be no surprise that the company and its CEO thought they would get away with putting it on some regulatory island, in between the SEC and banking regulators.

In Part 2, today, I’ll talk about the two dormant SEC-registered broker-dealers Coinbase …