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Benzinga
Benzinga
Business
Adrian Zmudzinski

Coinbase CEO Brian Armstrong Changes Rules To Counter Insider Trading Allegations

Brian Armstrong Coinbase Coinbase Global Inc Nasdaq Crypto

Brian Armstrong — the CEO of major U.S.-based cryptocurrency exchange Coinbase Global Inc. (NASDAQ:COIN) — responded to insider trading accusations by changing internal rules concerning listings.

What Happened: In a Thursday post published on the official Coinbase blog, Armstrong admitted "there is always the possibility that someone inside Coinbase could, wittingly or unwittingly, leak information to outsiders engaging in illegal activity." While he did not confirm or deny any disciplinary actions or criminal charges against company employees for using insider information to profit off of asset listings, he wrote:

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