24 Jul Coinbase Finds No Insider Trading of Bitcoin Cash
[ad_1]
Coinbase, the biggest U.S. cryptocurrency exchange, launched an inquiry last December into whether its employees engaged in improper trading related to the digital currency known as Bitcoin Cash. Now, Fortune has learned, the company has wrapped up the investigation and concluded no wrongdoing took place.
Coinbase launched the investigation in the wake of a sudden surge in the price of Bitcoin Cash hours before the company announced the addition of the asset, which is an offshoot of original cryptocurrency Bitcoin, to its exchange for the first time. The move made Bitcoin Cash accessible to millions of customers who previously had no way to purchase it, pushing up its value as has happened historically when Coinbase has listed other cryptocurrencies such as Litecoin on its exchange. But the price jump preceding the official announcement prompted questions about whether Coinbase employees acted on inside knowledge to buy Bitcoin Cash ahead…
[ad_2]
Source link