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Coinbase Global, Inc.

Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of those who purchased Digital Asset Securities (including, but not limited to, Coinbase Earn, ADA, ATOM, ALGO, AVAX, DOT, MANA, MATIC, NEAR, POL, SOL, UNI, XLM, and XTZ) between January 1, 2017 and the present (the “Class Period”), against Coinbase Global, Inc., Coinbase, Inc., Coinbase Asset Management, LLC (“CBAM”) and Coinbase’s co-founder, Chief Executive Officer, and Chair Brian Armstrong (together, “Defendants”). A class action lawsuit has already been filed.

If you invested in the Digital Asset Securities during the Class Period and would like to join the action, please click “Join This Class Action.”

If you purchased digital asset securities (sometimes referred to as tokens, crypto, cryptocurrency, among other terms) on or through Coinbase platforms during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of the case:

According to the lawsuit, among other things, “Defendants flout[] the securities laws of California, Florida, and elsewhere.” Further, the complaint alleges that “Defendant Coinbase admitted in its own User Agreement that it is a ‘Securities Broker,’ that the Digital Asset Securities [] sold by and through Defendant Coinbase are ‘financial assets’ [], that Defendant Coinbase is a ‘securities intermediary’ [], and that the digital asset wallets custodially held by Defendant Coinbase are ‘securities account[s].’” However, the complaint further alleges that “Defendants have never registered Coinbase, its people, or the Digital Asset Securities Defendants sold (and sell).”

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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The Rosen Law Firm has been ranked among the top 4 law firms each year since 2013 for the number of successful securities class actions on behalf of investors. In 2019 alone, our firm recovered $438 million for investors.

Investors should carefully identify and select experienced counsel with a track record of success leading securities class actions. Often other firms issue press releases about class actions yet do not have comparable experience or resources.

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The Rosen Law Firm represents investors throughout the globe. Our mission is to prosecute securities fraud class actions and protect shareholders’ rights.

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