We explained that the verified users metric includes anyone who verified their email address or phone number with us, so it may overstate the number of unique customers," said Grewal
Quote
Sources
SEC Is Probing Coinbase Over User Number Misstatement Concern
Referenced by
Coinbase reportedly defined "verified users" as individuals who verified an email address or phone number, a definition that may have overstated the number of unique customers
Crypto news
Claim