Coinbase Denies Operating a Proprietary Trading Business or Acting as a Market Maker

in #hopdh • 2 years ago

On Thursday (September 22),
crypto exchange Coinbase responded to allegations in a Wall Street Journal (WSJ) report published the same day.

Coinbase Global Inc. is exploring new ways to make money. One business it flirted with was controversial: using one's own money to speculate on cryptocurrency.

Last year, Coinbase, which operates a large cryptocurrency exchange that handles bitcoin and other digital coins, hired at least four senior Wall Street traders and launched a for-profit group, an activity people at the company described as proprietary trading.

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2 years ago in #hopdh by
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