US CFTC Suspects Bitcoin Futures Price Manipulation, Subpoenas Exchanges

[kreslik.news]

The US Commodity Futures Trading Commission has sent subpoenas to four cryptocurrency exchanges asking for trading data, according to the Wall Street Journal which cited people familiar with the matter.

Background

The exchanges are Coinbase, Kraken, itBit and Bitstamp. It is from these sources that the price of Bitcoin futures as sold by CME Group is determined.

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CME Group is a major financial company with many different lines of business. Relevant here is its exchange in Chicago that sells financial derivatives products such as options and futures. In December of ... ([url=https://www.financemagnates.com/cryptocurrency/news/us-cftc-suspects-bitcoin-futures-price-manipulation-subpoenas-exchanges/]read more)