Coinbase trading against customers

September 19th, 2018, 07:30 AM

“Coinbase disclosed that almost 20 percent of executed volume on its platform was attributable to its own trading.”

https://bloc10.com/exposed-coinbase-trading-against-customers-20-percent-volume-internal-flow/

September 19th, 2018, 11:42 AM

My question would be, how much profit did they make that way ?

Was it liquidity providing or directional trading ?

May 24th, 2023, 04:19 AM

I am not surprised, Coinbase is a shady company. I've used it over the course of the last 5+ years for occasionally dabling in crypto. Then last year when I wanted to get it, I transferred in 25K. Immediately my account got flagged and limited (Couldn't buy or sell anything). Contacted support and they said they would look into it and to wait up to 2 weeks. Well 2 weeks went by and I got an email saying they could not verify the source of my funds (they came from my bank account) and that my account was limited from making deposits or withdrawals going forward. I was pissed. 25K down the drain??? Then over the course of the next week I would try to withdraw every day, and about on day 5 it let me make a withdrawal for some unknown reason, but happily surprised. I got my money out, never will I use Coinbase again!

May 29th, 2023, 11:33 AM

The guys that run COIN should be in jail. The execs dumped millions of shares on the IPO tanking the stock. Basically sold into every rally for weeks until the garbage stock is down 80% and nobody wants it. I am one of the fools that bought this stinker and I am one of the thousands who will dump this POS if it ever recovers.

Coinbase trading against customers

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Coinbase trading against customers