Study: before 10%-25% of Coinbase listings since 2018, some traders on decentralized exchanges bought more of those tokens, hinting at insider trading
The US charge against a former Coinbase Global Inc. employee may not be the only instance of insider trading at the cryptocurrency exchange, according to a new study. Source: SSRN . Tweets: @smtuffy , @smdiehl , @edzitron , @silvermanjacob , @silvermanjacob , and @wallstcynic Source: SSRN : Insider Trading in Cryptocurrency Markets Tweets: Sean Tuffy / @smtuffy : This is my surprised face https://twitter.com/... Stephen Diehl / @smdiehl : I'm shocked, shocked to hear there is insider trading going on in here. https://twitter.com/... Ed Zitron / @edzitron : Hmm!!!!!!! https://twitter.com/... Jacob Silverman / @silvermanjacob : “We find evidence of systematic insider trading in cryptocurrency markets, where individuals use private information ... similar to prosecuted cases of insider trading in stock markets.” https://papers.ssrn.com/... Jacob Silverman / @silvermanjacob : People will roll their eyes and say duh but this helps document something important: the huge information asymmetry between insiders and retail traders in crypto. These are manipulated markets and it's key to show that to the wider public. https://www.bloomberg.com/... Diogenes / @wallstcynic : Coinbase Crypto Insider Trading May Be Wider Than US Case, Study Says | “Nothing to see here...Move along...” $COIN https://www.bloomberg.com/...