"There is a divergence between bitcoin as a coin versus transactional and brokerage services that Coinbase (COIN) provides. They offer collateralized lending, which was a challenge for Silvergate Capital (SI) had. There seems to be demand for cold storage of bitcoin, which has been a challenge for Coinbase (COIN). Coinbase (COIN) received a Wells notice as the SEC alleged violations of the federal securities laws," says George Tsilis.
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25 Mar 2023
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