Coinbase and Kraken hit back at NY Attorney General’s scathing criticism

Cryptocurrency exchanges are hitting back at New York Attorney General’s scathing criticism, suggesting the industry lacks fairness, integrity, and security. Earlier this week, the office of the NY Attorney General office published a report which highlighted a number of risks cryptocurrency exchanges expose their users to, including the possibility of market manipulation. Yesterday, Coinbase’s Chief Policy Officer, Mike Lempres, published a blog post to clarify some of the report’s findings. The Attorney General’s report states that “Coinbase disclosed that almost 20 percent of executed volume on its platform was attributable to its own trading.” Lempres denies the Attorney General’s trading…

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https://ift.tt/2QOEoqb Matthew Beedham September 20, 2018 at 06:01AM