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Yes. The question is why did they refuse to act until this public outcry. My theory? Proprietary trading. The CoinBase guys were probably trading on behalf o
by yapcguy 13y ago
Yes. The question is why did they refuse to act until this public outcry.
My theory? Proprietary trading. The CoinBase guys were probably trading on behalf of the company and screwed up royally, taking a big hit, so they decided to try and pass that loss onto customers or until they balanced the books
- alttab 13y agoConsidering the loss of position over the last week, it's certainly feasible.
- 3327 13y agoA very good guess either that or front running. This is what market makers used to do back in the day, aka "front running". Its banned in the financial markets because there is regulation and thus illegal. Either that or like you say they took a massive hit and basically held a ton of orders to mitigate the damage.
- AJ007 13y agoAnd if Coinbase doesn't fall under those financial regulations, that is fraud.