Coinbase has its own crytocurrency trading platform and wallet. Nearly 20 % of executed volume on the cryptocurrency platform Coinbase was proprietary trading , according to the New York Attorney General . Mike Smith , chief policy officer at Coinbase , said the company does not conduct trades for its own benefit ; Coinbase Consumer trades are filled from the exchange platform Virtual Markets to provide an easy - to - use customer experience . The New York Attorney 's Virtual Markets Integrity Unit said Coinbase 's level of proprietary trading raised concerns over the risk to customers using such platforms .
Nearly 20 % of executed volume on the cryptocurrency platform Coinbase was proprietary trading , according to the New York Attorney General . Mike Smith , chief policy officer at Coinbase , said the company does not conduct trades for its own benefit ; Coinbase Consumer trades are filled from the exchange platform Virtual Markets to provide an easy - to - use customer experience . The New York Attorney 's Virtual Markets Integrity Unit said Coinbase 's level of proprietary trading raised concerns over the risk to customers using such platforms .