Coinbase settles with CFTC for $6.5 million over data reporting, employee wash trading allegation

Coinbase settles with CFTC for $6.5 million over data reporting, employee wash trading allegation

Coinbase has settled with the Commodity Futures Trading Commission, according to a Friday announcement, and will pay a $6.5 million penalty. The settlement focused on two areas: information about trade activity on Coinbase’s GDAX trading platform and allegations of wash trading by a Coinbase employee during a six-week period in 2016. The U.S. regulator said …

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