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Complaints against Coinbase and other Exchanges Surge in the US

User complaints against Coinbase and other crypto exchanges operating in the US have surged in the last twelve months beginning from June 2020.

The biggest Crypto trading platform in the country Coinbase suffered the most complaints (1,060) according to data from the Consumer Financial Protection Bureau.

1,031 of those complaints were related to money transfer, virtual currency, or money service issues. 201 complaints were submitted against the American Crypto exchange in March 2021 alone.

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In comparison, 184 complaints have been registered against Binance.US in the last year.

The figure is a lot lower for Kraken, the exchange firm has been reported only 35 times between June 2020-June 2021.

NEXT: US Senator Cynthia Lummis wants Citizens to invest retirement funds in Bitcoin

About Godwin

Godwin is a multi-faceted writer. He covers the latest and most significant news in the crypto industry for Newsbsc. Aside from his work here, he writes exceptional SEO optimized web contents for other websites in different sectors.

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