The management of the cryptocurrency exchange Coinbase agreed to pay the fine as part of the settlement of the conflict with the Commodity Futures Trading Commission (CFTC). The size of the fine will be $ 6.5 million, according to the blog of the trading platform.
Earlier, the American regulator accused the exchange of falsifying trading data using special software. In a statement, the CFTC notes that from 2015 to 2018, the platform published incorrect numbers on the amount of transactions, thus misleading traders.
The settlement of the conflict became known last Friday. However, now the company’s exit to the placement of shares is postponed for a month. Coinbase originally hoped to list on the Nasdaq in March.
Now, most likely, the IPO will take place before the end of April. According to Bloomberg, the listing will definitely not take place this month. At the same time, the management of the trading platform has so far refrained from making any comments.
For the first time, the exchange’s intention to enter the stock market became known in February. In mid-March, representatives of the exchange announced their intention to place 114.9 million A-class shares.
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