The SEC is investigating Coinbase's user metrics amid transparency concerns. The focus is on the accuracy of previously reported "verified users," which could impact Coinbase's relationship with regulators and market trust.
Coinbase plans to shift to "monthly transacting users" for more precise engagement reporting. The company emphasizes it has discontinued the disputed metric over two years ago and is committed to working with the SEC to resolve the investigation.
This scrutiny reflects the SEC's ongoing commitment to transparency in the cryptocurrency sector, potentially leading to regulatory refinements affecting user engagement metrics industry-wide.
Full story here: https://coincu.com/337900-coinbase-sec-examines-user-metrics