Coinbase is investigating insider trading after it enables — and then disables — bitcoin cash trading
- Coinbase said Tuesday evening users wouldn't be able to buy and sell bitcoin cash four hours after it said trading of the cryptocurrency would be enabled on its platforms.
- CEO Brian Armstrong said the company is looking into whether employees tried to profit from advanced knowledge of the news.
- Bitcoin cash is a spin-out cryptocurrency of bitcoin that was created in August.
Coinbase, one of the largest cryptocurrency trading platforms, shocked the crypto-world with its announcement Tuesday evening that it would allow users to buy and sell bitcoin cash.