The cryptocurrency market has been facing significant regulatory challenges in recent years, with many countries implementing stricter laws and guidelines to govern the industry. This has led to concerns among companies and investors alike, including the CEO of Coinbase, Brian Armstrong. Armstrong has gone so far, even, to indicate that he may move the company out of the US if regulations do not become clearer.
At the same time Big Eyes Coin (BIG) has raised more than $34 million, and become one of the most successful crypto presales in recent years- an indiction that, despite the changing market, there is still room for success.
What Is Coinbase?
Coinbase is a centralized cryptocurrency exchange founded in 2012. It has become one of the most popular exchanges globally, with over 56 million verified users and over $223 billion in trading volume. Coinbase allows users to buy, sell, and trade various cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, among others. Coinbase operates in over 100 countries and is headquartered in the United States.
Coinbase’s success can be attributed to its user-friendly interface, which makes it easy for beginners to start trading cryptocurrencies. The company has also been known for its high-security standards, with 98% of its assets stored in cold storage. Coinbase has been able to maintain its reputation despite facing regulatory challenges.
Is Coinbase Planning To Move Out Of The US?
In late March, Coinbase announced that it has received a Wells Notice from the SEC, warning of impending regulatory action tied to the listing of unregistered securities. A Wells Notice is a letter issued by the US Securities and Exchange Commission (SEC) to a company or individual, informing them of the SEC’s intent to bring an enforcement action against them. The letter gives the recipient an opportunity to respond before the SEC makes a final decision on whether to proceed with the enforcement action.
Speaking at Fintech Week in London, Coinbase CEO Armstrong expressed concerns over the lack of regulatory clarity and the contradictory statements from different regulatory bodies such as the CFTC and SEC in the US. He cited the UK’s regulatory environment, which has a single regulator, the FCA, responsible for both commodities and securities, as having greater clarity.
Brian Armstrong has also indicated that Coinbase would consider moving out of the US if the regulatory environment for the crypto industry does not become clearer.
$34 Million And Counting.. Thats One BIG Presale
Big Eyes Coin is a new player in the cryptocurrency industry, offering a fresh approach to investing in digital assets by incorporating a cute cat theme. A primary objective of the project is to provide substantial profits to its users, as seen by the impressive $34 million generated during its presale, which has captured the attention of potential investors.
In addition to this, Big Eyes Coin is positioning itself as an environmentally sustainable asset that doesn’t add to the carbon footprint of the crypto industry, making it a forward-thinking investment option. This is done through its use of the Ethereum Network, a notably sustainable blockchain, and its charity drives, which specifically target environmentalist causes.
Furthermore, it has introduced Loot Boxes that could return BIG tokens and unique Cards that are tradable and mintable, making the generation of revenue fun and engaging for its user base.
Finally, Big Eyes Coin has launched the END300 bonus code, which offers a 300% bonus to all investors on their Big Eyes purchases, giving them the opportunity to maximize their returns. This feature makes investing in Big Eyes Coin a unique and rewarding opportunity for those looking to cash in on the bull market of 2023.
Therefore, if you are looking to join the crypto craze and make the most of the current bull market, Big Eyes Coin should not be overlooked.
To learn more about Big Eyes Coin (BIG), click on the following links:
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
Opensea: https://opensea.io/collection/big-eyes-lootbox-cards
