Coinbase trader makes $25M on options bets day before SEC suit
The trader placed $100K in options bets against Coinbase on Monday morning. The company’s share price dropped nearly 19% just 24 hours later.
The trader placed $100K in options bets against Coinbase on Monday morning. The company’s share price dropped nearly 19% just 24 hours later.
Coinbase legal chief Paul Grewal sent a 23-page letter to the SEC explaining why its RIA proposal will harm the crypto industry.
Since late December, Coinbase insiders have sold more than 500K shares for just over $26 million while only 57K shares have been bought.
Armstrong says that Coinbase needs to reduce expenses to increase its chances of doing well in every scenario.
Brian Armstrong says he’s bullish on crypto, but eyebrows were raised when it was revealed he’s sold all of his Coinbase common stock.