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Crypto.com Is Trading on Its Own Exchange, Insists That’s Totally Fine

From decrypt.co

Crypto.com has some of its team trading tokens for profit, according to a newspaper report today. The Financial Times reported Monday that the Singapore-based cryptocurrency exchange operates proprietary trading and market making teams. The report cites five unnamed people with direct knowledge of the company’s trading desk. The exchange told Decrypt that it does not rely on proprietary trading as a source of revenue, like the FT claimed. And it told FT that it was “not a controversial practice” to have an internal market maker. "While we do have some market making activity, for example, we have internal market ... (full story)

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