Coinbase denies trading cryptocurrencies for its own account

No more anonymity: The EU wants to crackdown on use of Bitcoins in the wake of the Paris attacks to disrupt the financing of terrorists.

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.”