Coinbase Global Inc.’s shares fell the most in more than six months after rival Kraken was forced to stop providing an investment service also offered by the largest US cryptocurrency exchange.
Kraken will pay $30 million to settle Securities and Exchange Commission allegations that it broke US rules with its crypto staking products and will discontinue them in the US as part of the agreement with the regulator. The SEC alleged that Kraken’s staking service was an illegal sale of securities.
