{"id":439444,"date":"2022-04-29T19:45:00","date_gmt":"2022-04-29T16:45:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/coinbase-ceo-responds-to-insider-trading-allegations-with-changes-for-token-listings\/"},"modified":"2022-04-29T19:45:00","modified_gmt":"2022-04-29T16:45:00","slug":"coinbase-ceo-responds-to-insider-trading-allegations-with-changes-for-token-listings","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/coinbase-ceo-responds-to-insider-trading-allegations-with-changes-for-token-listings\/","title":{"rendered":"# Coinbase CEO responds to insider trading allegations with changes for token listings"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3e21308bdbd\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3e21308bdbd\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/coinbase-ceo-responds-to-insider-trading-allegations-with-changes-for-token-listings\/#%E2%80%9D_Coinbase_CEO_responds_to_insider_trading_allegations_with_changes_for_token_listings_%E2%80%9C\" >&#8221; Coinbase CEO responds to insider trading allegations with changes for token listings &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Coinbase_CEO_responds_to_insider_trading_allegations_with_changes_for_token_listings_%E2%80%9C\"><\/span>&#8221; Coinbase CEO responds to insider trading allegations with changes for token listings &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvMzUwMjg4ODMtOGM5Zi00NzNjLTllOGQtNTFlY2Q0ZTliM2UxLmpwZWc=.jpeg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>After some crypto sleuths made allegations of insider trading by individuals potentially connected to Coinbase, CEO Brian Armstrong said the crypto exchange would change some of its token listing practices.<\/p>\n<p>In a Thursday blog post, Armstrong did not <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/blog.coinbase.com\/an-update-on-our-asset-listing-processes-e74421da21cc\">confirm<\/a> whether any Coinbase employees had received disciplinary action or been referred for criminal charges in response to allegedly receiving insider information used to profit off certain token listings. According to the CEO, Coinbase planned to change its listing process over the next few quarters \u201cto try and prevent on-chain data giving signal to watchful traders,\u201d to allow users to rate and review assets and invest more in forensic tools.<\/p>\n<p>\u201cThere is always the possibility that someone inside Coinbase could, wittingly or unwittingly, leak information to outsiders engaging in illegal activity,\u201d said the Coinbase CEO. \u201cWe have zero tolerance for this and monitor for it, conducting investigations where <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ropriate with outside law firms [&#8230;] If these investigations find that any Coinbase employee somehow aided or abetted any nefarious activity, those employees are im<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>tely terminated and referred to relevant authorities (potentially for criminal prosecution).\u201d<\/p>\n<p>According to Armstrong, employees are limited to trading crypto on Coinbase\u2019s platforms by its company policies to monitor transactions and \u201cstay ahead of possible abuse.\u201d However, Cointelegraph reported in April that some online sleuths alleged certain investors had insider knowledge of which tokens Coinbase was considering listing in the second quarter of 2022 based on blockchain records of purchases prior to the exchange releasing that information.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Found an ETH address that bought hundreds of thousands of dollars of tokens exclusively featured in the Coinbase Asset Listing post about 24 hours before it was published, rofl <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/5QlVTjl0Jp\">pic.twitter.com\/5QlVTjl0Jp<\/a><\/p>\n<p>\u2014 Cobie (@cobie) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/cobie\/status\/1513874972552355846?ref_src=twsrc%5Etfw\">April 12, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nThe Coinbase CEO said \u201csome market participants\u201d might have been able to take advantage of its listing process by using on-chain data to monitor the exchange testing asset integrations as well as detecting small differences in the platform\u2019s application programming interface, or API, responses. He added that the exchange wouldn\u2019t \u201ccatch everything,\u201d but would aim to work with other crypto firms and respond to feedback to adjust policies as needed.<\/p>\n<p>\u201cWhile this is public data, it isn\u2019t data that all customers can easily access, so we strive to remove these information asymmetries,\u201d said Armstrong. \u201cWe review assets as quickly as possible, and list everything we can \u2014 as long as we believe it\u2019s safe and legal.\u201d<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Coinbase insiders dump nearly $5 billion in COIN stock shortly after listing<\/em><\/strong><\/p>\n<p>A Coinbase listing can often result in a sudden price surge for a crypto project due to the size and popularity of the exchange.\u00a0In May 2020, the price of OMG Network&#8217;s token\u00a0OmiseGo surged 200% within 15 minutes of being listed on Coinbase before crashing.\u00a0Morpheus Labs (MITX), Kromatika (KROM) and Big Data Protocol (BDP) \u2014 all tokens Coinbase named as being under consideration for listings \u2014 showed gains of 185%, 145%, and 204%, respectively, shortly following the exchange&#8217;s announcement in April 202.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/coinbase-ceo-responds-to-insider-trading-allegations-with-changes-for-token-listings\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Coinbase CEO responds to insider trading allegations with changes for token listings &#8220; After some crypto sleuths made allegations of insider trading by individuals potentially connected to Coinbase, CEO Brian Armstrong said the crypto exchange would change some of its token listing practices. In a Thursday blog post, Armstrong did not confirm whether any&#8230;<\/p>\n","protected":false},"author":1,"featured_media":439445,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvMzUwMjg4ODMtOGM5Zi00NzNjLTllOGQtNTFlY2Q0ZTliM2UxLmpwZWc=.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74956,74860,117,55229,71407],"class_list":["post-439444","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-coinbase","tag-cryptocurrency-exchange","tag-business","tag-law","tag-trading"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/439444","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=439444"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/439444\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/439445"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=439444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=439444"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=439444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}