Cryptocurrency News

Coinbase CEO responds to insider trading allegations with changes for token listings

04/29/2022

Less than a minute

2022.04.29 21:40

Coinbase CEO responds to insider trading allegations with changes for token listings

After some crypto sleuths made allegations of insider trading by individuals potentially connected to Coinbase (NASDAQ:COIN), CEO Brian Armstrong said the crypto exchange would change some of its token listing practices.

In a Thursday blog post, Armstrong did not confirm whether any Coinbase employees had received disciplinary action or been referred for criminal charges in response to allegedly receiving insider information used to profit off certain token listings. According to the CEO, Coinbase planned to change its listing process over the next few quarters “to try and prevent on-chain data giving signal to watchful traders,” to allow users to rate and review assets and invest more in forensic tools.

04/29/2022

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