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Has Coinbase Been Trading Against its Own Customers After Promising it Doesn’t do that?

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Coinbase has debunked claims made by news outlet the Wall Street Journal (WSJ), which reported that despite claiming not to do so, Coinbase engaged in proprietary trading that could potentially conflict with the interest of its customers.

In a blog post, Coinbase stated that WSJ seems to confuse the nature of a transaction it made earlier this year through Coinbase Risk Solutions (CRS) - its newly formed unit focused on helping institutional investors interested in entering the crypto market.

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