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NanoLabs sues Coinbase over Nano trademark infringement
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NanoLabs, the company behind digital currency Nano, has filed a legal complaint against Coinbase, a leading crypto exchange, for alleged trademark infringement.
According to the complaint filed on February 24, 2023, in the California Northern District Court, NanoLabs has accused Coinbase's Nano Bitcoin futures contract and Nano Ether futures contract products of infringing on its trademark rights.
NanoLabs claims that Coinbase's offerings are «derivative products» based on Bitcoin (BTC) and Ether (ETH), which are «identical or highly similar» to Nano.
It also alleges that Coinbase targets the same type of consumers as NanoLabs, and the trademarks for Coinbase's products are «identical, and confusingly similar,» to NanoLabs.
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