Coinbase has been investigated by the US Financial Supervisory Authority (SEC) for suspected illegal activities.
Now, the company, which operates the largest trading platform for cryptocurrencies in the US, announces that the SEC is about to drop the investigation.
The news is one in a series of similar decisions from the SEC, since the former head Gary Gensler left. Gensler was criticized by the crypto industry for regulating them too harshly, and Donald Trump promised during the election campaign to fire him as soon as he took office.
Last week, the SEC announced that an investigation into the cryptocurrency company Binance was being paused.
The Coinbase stock rises by 4.7 percent in Wall Street's pre-trading.
