2018-6-11 18:26 |
The U.S. Commodity and Futures Trading Commission (CFTC) has reportedly subpoenaed four cryptocurrency exchanges in a bid to obtain their trading data as part of an investigation into market manipulation.
According to a The Wall Street Journal report on Friday, the financial market regulator is demanding comprehensive trading data from Bitstamp, Coinbase, itBit and Kraken, which altogether serve as a base for the bitcoin futures price listed by CME Group.
Citing sources familiar with the matter, the WSJ said the subpoena was issued because the CFTC was “upset” that CME had not succeeded in negotiating with the exchanges for access to their trading data.
According to the report, the failure irked the CFTC, which supervises CME and gave it the green light in December 2017 to list bitcoin futures.
News of the investigation first emerged on May 24, indicating that the U.S. Department of Justice had launched a probe into illicit trading practices in the crypto market in conjunction with the CFTC.
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