Coinbase Responed to New York's General

May 7, 2018

One of the largest cryptocurrency exchanges in the world Coinbase published a part of its official response to the inquiry of the New York State Attorney General Eric Schneiderman.

In a five-page letter, chief legal and risk officer of Coinbase Mike Lempres noted, that over the past six months the exchange increased the capacity of its platforms by a thousand percent. It required the significant reorganization of the code. The letter also features the list of personnel of the exchange.

It is worthy to note, that Coinbase did not disclose financial information, although it is known, that users of the exchange traded $150 billion in assets.

Previously, another US cryptocurrency exchange Kraken refused to answer the inquiry of the Attorney General.

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