Coinbase' insider trading evidence unveiled

Albert Renshaw is claiming that he has discovered additional evidence pointing to insider trading of Bitcoin Cash at Coinbase 
26 December 2017   712

Businessman and bitcoin enthusiast Albert Renshaw discovered additional evidence of insider trading at Coinbase on the day of listing Bitcoin Cash (BCH). This is reported by Bitcoinist.

As noted by Renshaw, the day before the BCH listing on Coinbase, on the forum / r / Coinbase an unknown user under the name mukiva2 warned traders about the upcoming event, citing a source in the company Coinbase. This discussion was deleted, but it remained in the archive.


Reddit profile mukiva2 was created on December 6, 2017, and the identity of this person remains unknown.

The price of Bitcoin Cash jumped by 370%, which forced Coinbase to temporarily suspend trading. The head of the company, Brian Armstrong, appealed to the community, assuring that all employees are subject to strict rules prohibiting trading on the basis of insider information.

If we find evidence of any employee or contractor violating our policies — directly or indirectly — I will not hesitate to terminate the employee immediately and take appropriate legal action.

Brian Armstrong

CEO, Coinbase

It is also worth noting that traders can file a lawsuit against Coinbase due to trading stop on Friday, related to “technical issues” on the exchange.

GDAX announces launch of Coinbase Pro

Yesterday GDAX announced on their blog the launch of a new pro-oriented trading platform Coinbase Pro, which will replace GDAX platform after June 29
24 May 2018   92

Yesterday GDAX announced in their official blog the launch of their new platform for individual investors – Coinbase Pro.

This new product is aimed at individual professional traders, as opposed to the initial “pro platform” GDAX, which is devised mainly as a tool for institutions who want to enter crypto space. GDAX allowed the company to gather consumer info and develop a completely new platform dedicated and specifically tailored to the needs of individual crypto market players. Any existing GDAX customer can visit the page of the new platform and try it out on their own since yesterday.

The platform was completely redesigned form the ground up to make trading experience more seamless and intuitive. All transactions and balances from GDAX automatically are transferred to Coinbase Pro, and deposit and withdrawal processes are simplified for the customers' convenience. New features also include improved charts to give easy access to historical data, new consolidated portfolio view called “My Wallets” to allow customers to easily view their account balances and orders.

Like GDAX, Coinbase Pro users still have full and direct market access to the Coinbase Markets – a single pool of liquidity or all Coinbase products. Upon login customers will see all of their existing GDAX balances and trade history and will still enjoy the same level of service, the same trading fees and still have access to thee same APIs and security features, that the current platform provides.

Both old and new platforms will operate side by side until June 29, 2018. After that date, all customers will be transferred to the Coinbase Pro.