Coinbase Settles With CFTC for $6.5M Over Old Trading Practices

[Tanimariya]

Coinbase will pay a $6.5 million fine to settle allegations it self-traded cryptocurrencies between 2015 and 2018.
Crypto exchange Coinbase will pay $6.5 million in a settlement with the Commodity Futures Trading Commission (CFTC) over allegations the exchange “self-traded” digital assets.

According to a consent order published by the commodities regulator Friday, Coinbase self-traded a small amount of cryptocurrency between 2015 and 2018 through two of its automated trading programs. A now-former employee of the exchange also allegedly wash traded some amount of litecoin (LTC, +0.76%) around that time period as well.
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