Coinbase Tested Controversial $100 Million Trade With Own Money — The Information

Coinbase, one of the three most dominant crypto exchanges in the world, earlier this year traded $100 million of cryptocurrencies with its own money, according to a report from the Wall Street Journal. The company conducted the test trade even after it told Congress via testimony in 2021 that it did not trade cryptocurrencies for its own benefit, per WSJ.
That practice is contentious because…