Coinbase to Benefit from Binance's Legal Woes, Says Cathie Wood
In an interview with Bloomberg Television on Thursday, Wood said: “We have Binance under increasing regulatory scrutiny for more criminal activities, fraud being one of them, therefore we have the competition for Coinbase disappearing, so that’s a good thing longer term for Coinbase.” advertisement Along with Binance , even Coinbase has been facing the heat of the securities regulator. A day after slapping a lawsuit on Binance , SEC filed a similar lawsuit on Coinbase. Both the world’s top two exchanges have been accused of selling unregistered securities. Cathie Wood, one of the major investors in Coinbase (NASDAQ: COIN), further continued to defend the exchange. She said that Coinbase isn’t accused of any criminal activity. “There are questions about what’s a security, about staking, those are the two questions that Coinbase and Binance are facing, but most of the other questions about Binance have nothing to do with Coi...