A Year After Coinbase's Public Debut, Most Listed Crypto Firms Are Underwater Compared With Bitcoin's Performance; BTC Retreats From $42K

“That premium has been on the pretext that it would give them a free pass while governmental agencies took their war on crypto to other platforms and exchanges instead, like Binance,” QCP wrote at the time. “If now, a regulated U.S. entity who is offering a product that is already being offered in the U.S., going through the proper legal route, can face such harsh action, then nobody is assured to be safe anymore.”