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Coinbase denies trading cryptocurrencies for its own account


San Francisco-based Coinbase doesn’t trade for its own account, Mike Lempres, the firm’s chief policy officer, wrote in a blog post on late Wednesday titled “Correcting the record.”  Instead, the transactions are executed on behalf of retail clients who use its Coinbase Consumer service, Lempres wrote.

San Francisco-based Coinbase doesn’t trade for its own account, Mike Lempres, the firm’s chief policy officer, wrote in a blog post on late Wednesday titled “Correcting the record.” Instead, the transactions are executed on behalf of retail clients who use its Coinbase Consumer service, Lempres wrote.

NEW YORK: Coinbase Inc, one of the biggest US cryptocurrency exchange operators, denied engaging in proprietary trading after New York’s attorney general said the firm accounted for almost 20% of transactions on its own platform.

San Francisco-based Coinbase doesn’t trade for its own account, Mike Lempres, the firm’s chief policy officer, wrote in a blog post on late Wednesday titled “Correcting the record.”

Corporate News , Banking , Cryptocurrency , coin

   

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