Coinbase counters WSJ claim its Risk Solutions group engaged in $100M proprietary trade

The Wall Street Journal and Coinbase are having a difference in definitions. The newspaper published an alleged account of the digital asset exchange’s trading activities earlier this year that it claims amount to proprietary trading. Coinbase responded in a blog post that it had done no such thing.

Relying on information supplied by “people at the company,” the WSJ wrote on Thursday that Coinbase made a $100-million transaction that was viewed inside the company as a test trade by the…

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