Law Practice
Jun. 13, 2024
Coinbase accused of hiding spread fee disclosure
The complaint alleges that Coinbase's disclosure of spread fees is not readily apparent in transaction summaries.
Customers of Coinbase Inc. accused the leading cryptocurrency exchange of secretly charging customers a "spread" transaction fee and "doubling down on its deceptive practice" by increasing the hidden fee amount last year.
The class complaint, filed June 3 in San Francisco Superior Court, claims that Coinbase conducts a "bait-and-switch" scheme and that it misleadingly buries the spread free within crypto transaction summaries. A spread fee covers the...
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