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Coinbase Cracks Down on Front-Running of New Crypto Listings

  • Biggest U.S. crypto exchange has ‘zero tolerance for this’
  • Allegations of front-running are common in crypto markets
Coinbase Sued Over XRP Commissions After SEC Pursues Ripple
Photographer: Tiffany Hagler-Geard/Bloomberg

Coinbase Global Inc. outlined its most detailed plan yet to address concern about the possibility of front-running tokens being considered for listing on the biggest U.S. cryptocurrency exchange.

In a blog post Thursday, Chief Executive Officer Brian Armstrong said Coinbase is implementing new procedures, so people wouldn’t be able to guess, by examining Coinbase’s blockchain activity or playing around with its software, if it’s considering listing new tokens.