Coinbase has reportedly pushed back its much-awaited public debut on Nasdaq by a couple of weeks to April in the wake of CFTC’s $6.5 million fine for wash trading charges. The crypto exchange is currently under multiple investigations for its earlier misconduct, and people aware of the matter informed that the directors of the company along with former employees are cooperating with the investigation.
Coinbase was fined for false, misleading, or inaccurate reporting and wash trading from January 2015 to September 2018. Acting Director of Enforcement Vincent McGonagle said,
“Reporting false, misleading, or inaccurate transaction information undermines the integrity of digital asset pricing. This enforcement action sends the message that the Commission will act to safeguard the integrity and transparency of such information.”
CFTC claimed Coinbase during the said period made use of two automated trading programs Hedger and Replicator which used to match orders on each other’s ord
Źródło: https://coingape.com/breaking-coinbase-postpones-nasdaq-listing-post-cftcs-6-5m-fine/
