Coinbase Changes Listing Policy for New Tokens After Allegatio | bitcoin crypto news

Coinbase Changes Listing Policy for New Tokens After Allegations of Front-Running

Coinbase CEO Brian Armstrong yesterday addressed concerns that traders have been taking advantage of the company’s listings process, writing in a blog post that the company will be adopting new policies and features in the coming months.

Armstrong’s message was seemingly a reaction to recent allegations that an Ethereum trader was able to gain access to a list of coins that Coinbase was considering adding to its exchange before that list had been made public in a company blog post. The trader was able to buy up $400,000 worth of the tokens that were on the Coinbase shortlist, which had then increased in value by 42% over the next day.