Crypto Exchange Coinbase Asks Supreme Court to Compel Disgruntled Customers to Pursue Arbitration

Crypto Exchange Coinbase Asks Supreme Court to Compel Disgruntled Customers to Pursue Arbitration
A flipped version of the Coinbase logo reflected in a mobile phone screen in London on Nov. 9, 2021, in a photo illustration. Leon Neal/Illustration/Getty Images
Matthew Vadum
Updated:
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An attorney for cryptocurrency exchange Coinbase told the Supreme Court on March 21 that current customer disputes shouldn’t move forward in the lower courts while appellate courts have yet to rule on the company’s request to divert those cases to arbitration panels.

Coinbase finds itself at the Supreme Court because it prefers the arbitration provided for in user agreements to the judicial system, and the U.S. Court of Appeals for the 9th Circuit has refused its requests to move class-action lawsuits to arbitration.