A look at the “Coinbase effect”, the popular trading platform's power in influencing the nascent cryptocurrency markets with its 10M+ users
Ryan Mac / BuzzFeed : Tweets: @rmac18 , @fwd , and @mikeisaac Tweets: @rmac18 : Another thing from this. Coinbase's CEO said he'd pursue legal action against employees caught performing insider trades. But a lawyer I spoke with said there's not much he can do given the lack of regulation http://www.buzzfeed.com/... BuzzFeed Tech / @fwd : This is the Coinbase Effect, or how the United States' most popular Bitcoin platform can move markets with one decision. http://www.buzzfeed.com/... @mikeisaac : fully unregulated market means CB has so much power it's insane