Coinbase faces class action for crashing during volatility, listing securities

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Coinbase faces class action for crashing during volatility, listing securities
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A new class-action lawsuit is asking for $5 million in damages from Coinbase over the exchange's habit of crashing during market volatility.

A new class-action lawsuit is asking for $5 million in damages from Coinbase over the exchange’s propensity to crash during market volatility.

The suit further says Coinbase doesn’t disclose that the crypto assets on its platform are securities.for failure to provide the secure crypto wallet access that it advertises. The complaint, filed in a district court in Georgia on Aug. 15, also said Coinbase"does not disclose that the crypto assets on its platform are securities."during periods of market volatility when volumes increase. A representative for the exchange did not immediately respond to a request for comment.

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