The main currency exchange and purse in the US, the Coinbase platform, denied "inaccurate" reports in the media that the management of the exchange is engaged in private trade.
According to the Exchange, media coverage "inaccurately characterized" the results of the report on activities in virtual markets, in which it voluntarily provided information on its operations.
"The report says:" Coinbase reported that almost twenty percent of the volume on the platform was associated with its own private trade. "
However, according to the management of the exchange, "when it performs these transactions, it does so on behalf of customers, and not on its own":
"Coinbase does not trade in the company's interests for private gain. To provide an easy-to-use customer experience, Coinbase Consumer indicates the price, and then quickly fills the order with our stock exchange platform. It uses the liquidity provided by the entire ecosystem. "
The firm, thus, stressed that "trading for personal purposes" – which is an incorrect interpretation of information in the report – is in fact "a volume managed by the customer through the Coinbase Consumer service".
The statement repeatedly underlines the fact that the exchange does not take any "action on the market".
Earlier this year, the platform received BitLicense from the New York State Department of Financial Services (DFS), a document that was required for all New York-based cash-trading companies as of August 2015.
Recall that earlier crypto-birges Binance and Bithumb announced the listing of new tokens.
