Coinbase, one of the largest US crypto exchanges, allegedly traded equity with 4 senior Wall Street traders it hired last year.
According to a September 22 report by the Wall Street Journal (WSJ) looking for new ways to make money Coinbase, equity trading to test A $100 million trial completed. resources, company equity investment and staking reviewed many alternatives, including in equity investment He said he made the decision.
According to internal rumors, the report states that the trial phase has Expert group of 4 senior Wall Street traders was carried out by.
Coinbase administrators 2021 at the congress in equity investment Although company employees say that they do not thinks otherwise. Coinbase’s equity investment legislation that prevents Even if it is not, an investment company’s investment on its own behalf is determined by the market. not welcome.
Resources, investment idea 2021 November It was put forward after the decline that started in May, but after the trial phase, Coinbase abandoned this idea. that you gave up stated. Coinbase’s reason for opting out protect its reputation with its customers it was talked about.
on the other hand company executives on the subject, Coinbase’s never He does not invest in equity capital, he occasionally buys cryptocurrencies, but this is a specific purposes, not as investments stated for.
Reply to Claims from Coinbase
If Coinbase September 22 In a statement published on the official blog site on , he responded to the allegations in the WSJ’s report. of WSJ trader team the team he called Coinbase Risk Solutions (CRS) He stated that it is a service unit for institutional investors who want to invest in cryptocurrencies. The purpose of the CRS institutional investors perspectives on cryptocurrencies web3 and Hodling beyond expand In any way, Coinbase states that not investing in equity highlighted again.