what is allow taker on coinbase

Coinbase is a cryptocurrency platform that allows users to purchase, trade, and withdraw Bitcoin, and other digital currencies. The platform allows users to buy and sell digital assets without the need for an account with a financial institution. This platform is popular among individuals, businesses, and organizations who wish to store value securely or make transactions in a digital environment. However, Coinbase has been facing criticism from the financial community and law enforcement. In May 2018, the Sec opened an investigation into Coinbase's user interface and security. In May 2019, Coinbase pleaded guilty to multiple charges, including securities fraud and wire fraud. The company admitted to receiving money from illicit sources and used it to buy Bitcoin. Coinbase has also faced multiple legal actions from regulators and law enforcement agencies. In October 2018, the ACLU filed a lawsuit against Coinbase, alleging that the platform encourages users to engage in online fraud. In August 2019, the company was fined $200,000 for violating state securities laws. Despite the criticism, Coinbase remains a popular platform for users who want to store value or make transactions in a digital environment. The platform's popularity has contributed to the growth of the cryptocurrency market. As a result, it is important for users to be aware of the platform's limitations and potential risks.