Sources: Coinbase has established a professional trading team and has completed a $100 million "proprietary trading" this year

According to Chain Catcher news, citing sources from The Wall Street Journal, Coinbase hired at least four senior Wall Street traders last year to diversify its revenue and formed a team that generates part of its profits through the company's cash trading and staking. This activity has been described by company personnel as "proprietary" trading.

Insiders said that earlier this year, the team completed a $100 million trade, which the group viewed as a test trade. This transaction took place after Coinbase executives testified to lawmakers last year that the company does not trade digital currencies for its own account. (The Wall Street Journal)