The US Supreme Court has ruled in favor of the Coinbase cryptocurrency exchange. By a vote of 4 to 5, the judges decided to stop Coinbase’s court proceedings with its customers.
The US Supreme Court has passed a decision that strengthens Coinbase Global Inc.’s ability to arbitrate customer and employee disputes. The judges ruled that lawsuits filed against Coinbase in federal court should be suspended. Thus, a defendant will have withdrawn from the court while filing an appeal to send the case to arbitration.
Instead of going to court, Coinbase will be able to use arbitration to resolve issues with its customers. While the customer cases of the US-based stock exchange were stopped, the decision was received positively. Because it now seems that Coinbase will get rid of additional court costs and protracted processes.
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