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Supreme Court to Hear Crypto Giant’s Appeal

The justices will decide if crypto customers who entered a sweepstakes can be forced to take their dispute to private arbitration.
Supreme Court to Hear Crypto Giant’s Appeal
The logo for Coinbase Global Inc., the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New York on April 14, 2021. Shannon Stapleton/Reuters
Matthew Vadum
Matthew Vadum
contributor
|Updated:
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The Supreme Court has agreed for the second time in a year to hear an appeal from Coinbase, a major cryptocurrency exchange that wants to compel disgruntled customers to submit to private arbitration instead of adjudicating their dispute in the courts.

Companies often prefer arbitration to the courts, saying the process resolves cases with greater speed and reduced expense. Some consumer advocates prefer the courts because in their view the judicial system provides consumers with more options and is less likely to side with the companies being sued.