NEW YORK , Feb. 10, 2025 /PRNewswire/ -- Kuehn Law, PLLC, a shareholder litigation law firm, is investigating whether certain officers and directors of Coinbase  Global, Inc. (NASDAQ: COIN)  breached their fiduciary duties to shareholders.  According to a federal securities lawsuit, Coinbase insiders caused the company to misrepresent or fail to disclose that (1) In 2020, the United Kingdom's Financial Conduct Authority ("FCA") had deemed efforts by CB Payments Limited ("CBPL"), part of the Coinbase Group, to prevent criminals from using its platform to be inadequate; (2) as a result, the FCA reached an agreement with CBPL, which put requirements in place that were designed to prevent high risk customers from using CBPL's platform; (3) CBPL then breached that agreement, which resulted in 13,416 high risk individuals receiving services; (4) the foregoing resulted in an undisclosed heightened regulatory risk; and (5) as a result, statements about its business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Beyond analysts' top -and-bottom-line estimates for Coinbase Global (COIN), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2024.

Cryptocurrency markets are once again exhibiting heightened volatility, a familiar characteristic for veteran investors in digital assets. This renewed volatility is driven by the typical market cycles, but the current cycle is being significantly influenced by a shift in the United States' approach to the cryptocurrency sector.