When Coinbase first listed on public sharemarkets last year, it was quite the moment for the crypto exchange itself and for the digital assets industry more broadly – the moment crypto was allowed behind the velvet rope and into the Wall Street establishment.
No matter that the company’s own regulatory filings said it was reliant on a small number of customers, nor that it said employees “generally do not maintain the same compliance customs and rules as financial services firms”.
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Financial Times
Katie Martin is the Financial Times' capital markets editor.
