Era of trading crypto as non-securities is over, says exchange exec
SEC-regulated firm INX lists only five cryptocurrencies on its platform, considering them non-securities .
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In lawsuits against US-based exchanges like Coinbase and Binance.US, an executive at a national digital asset company noted the legal implications of these recent enforcement actions for the industry .
The era of trading cryptocurrencies as non-securities is coming to an end, according to Itai Avneri, COO of blockchain trading firm INX. Avneri believes that a massive amount of coins offered for trading on crypto exchanges is one of the main reasons for the legal issues.
“You cannot continue to trade cryptocurrencies as if they were not securities. Those days are over,” Avneri said in an interview with Cointelegraph on June 19. According to the executive, INX described this exact idea in its prospectus five years ago.
According to data from CoinGecko, Coinbase has up to 241 cryptocurrencies listed on its platform at the time of writing, offering over 530 trading pairs. After successfully compromising on an asset freeze with US regulators, rival exchange Binance.US still offers 154 cryptocurrencies for trading.
Unlike Coinbase or Binance.US, INX has only listed five cryptocurrencies since its inception in 2017. Coins listed include Bitcoin (BTC), Ether (ETH), USD Coin (
SEC-regulated firm INX lists only five cryptocurrencies on its platform, considering them non-securities .
Interview
Join us on social networks
In lawsuits against US-based exchanges like Coinbase and Binance.US, an executive at a national digital asset company noted the legal implications of these recent enforcement actions for the industry .
The era of trading cryptocurrencies as non-securities is coming to an end, according to Itai Avneri, COO of blockchain trading firm INX. Avneri believes that a massive amount of coins offered for trading on crypto exchanges is one of the main reasons for the legal issues.
“You cannot continue to trade cryptocurrencies as if they were not securities. Those days are over,” Avneri said in an interview with Cointelegraph on June 19. According to the executive, INX described this exact idea in its prospectus five years ago.
According to data from CoinGecko, Coinbase has up to 241 cryptocurrencies listed on its platform at the time of writing, offering over 530 trading pairs. After successfully compromising on an asset freeze with US regulators, rival exchange Binance.US still offers 154 cryptocurrencies for trading.
Unlike Coinbase or Binance.US, INX has only listed five cryptocurrencies since its inception in 2017. Coins listed include Bitcoin (BTC), Ether (ETH), USD Coin (
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