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Coinbase Wins Dismissal of Customer Class Action Lawsuit, Stock Surges

Coinbase Wins Dismissal of Customer Class Action Lawsuit, Stock Surges

Shares of cryptocurrency exchange Coinbase ( COIN) surged more than 28% on Thursday, a day after dismissal of a customer class action lawsuit alleging that it sold cryptocurrency tokens through unregistered securities offerings. Customers of Coinbase crypto exchange filed the suit under federal securities laws and accused the exchange of acting as an “intermediary,” making it the “actual seller” of the tokens.








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