Coinbase Rejects Assumptions of Trading For Its Own Benefit

Thu, 09/20/2018 - 11:22

Mike Lemres from Coinbase top management team published a statement, objecting to the alleged data that 20% of Coinbase deals are done by the staff with their own money

Coinbase Rejects Assumptions of Trading For Its Own Benefit

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Mike Lemres from the Coinbase top management team published a statement on Wednesday, objecting to the alleged data that 20 percent of Coinbase deals are done by the staff with their own money.

The accusations came from the New York AG that recently issued a report on integrity and reliability of electronic exchanges. The report can be viewed here.

Lemres claims that all deals on the platform are made exceptionally on directions of users, not intending to manipulate the market.

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Yuri Molchan

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets.

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.