RATE Group | CFTC Condemns Exchanges for not Sharing Data Related to Bitcoin Price Manipulation Investigation
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CFTC Condemns Exchanges for not Sharing Data Related to Bitcoin Price Manipulation Investigation

10 Jun CFTC Condemns Exchanges for not Sharing Data Related to Bitcoin Price Manipulation Investigation

Posted at 00:07h in Bitcoin News by

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The Bitcoin price is volatile by nature. Not all of this volatility is created out of the blue either. An ongoing investigation regarding Bitcoin price manipulation is taking place. As such, U.S. regulators demand data from various trading platforms to address these concerns.

Bitcoin Price Manipulation Investigation

There have been swelling rumors regarding major Bitcoin price manipulation taking place. While such a development wouldn’t surprise a lot of people, proving nefarious activity is easier said than done. In this particular case, the manipulation is linked to the launch of Bitcoin futures. The Chicago Mercantile Exchange (CME) Group introduced such vehicles several months ago.

While Bitcoin futures are not spectacularly popular, they do play an integral role in the market. These CME products derive the Bitcoin price from four key exchanges. The list includes Coinbase, Kraken, Bitstamp, and itBit. If any of these platforms is subject to manipulation, it will also influence…

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