The data point appeared in Coinbase’s original public offering document in 2021, but the company stopped citing it two years later.
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Sources
S.E.C. Investigating Whether Coinbase Misstated Its User Numbers
Referenced by
The SEC's investigation reportedly focuses on Coinbase’s use of the “verified users” metric in its 2021 IPO filings and promotional materials
Crypto news
Claim
Brian Armstrong, CEO of Coinbase, publicly claimed in 2022 that the company had 103 million verified users, a figure also cited in securities filings
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