Trading bots appear to have gamed a big token announcement from Coinbase.

Good evening. I'm Bailey Reitzel and this is late confirmation from CoinDesk, bringing you the top

stories from October 17th. Also on today's show, Crypto Exchange Binance is partnering with a

blockchain analysis firm and a commissioner from the CFTC has outlined

a firm stance on smart contract-based prediction markets. We'll have that and more coming up on late

confirmation. Coinbase made waves last week when it announced that it would list OX's

ZRX token on its professional trading platform.

And it seems some savvy crypto traders took advantage of it.

Prices of OX's ZRX token began to surge four minutes before Coinbase officially announced

the listing, an event that would typically arouse suspicions of insider trading,

although the exchange has denied such allegations in the past.

One alternative explanation?

Bots like Lightning Signal that are designed to read crypto exchange APIs, read the Coinbase API, and saw the new cryptocurrency listed on that before the announcement.

Speculators armed with new information then began trading. An analysis of the market action that day found that there was a 13% rise

in the price in that four-minute span. Cryptocurrency trader Johnny Moe told CoinDesk how such a signal

can give a significant advantage, putting traders a leg up

above others seeking to place their own bets on exchanges. Binance, the biggest cryptocurrency

exchange by trading volume, is working with crypto-compliance and investigation software provider

chain aliasis. They'll be implementing a new global compliance

solution. As part of the partnership, chain analysis will provide access to its know-your-transaction

compliance software, enabling the exchange to monitor cryptocurrency transactions in real-time.

Binance's chief financial officer told CoinDusk that he hopes the move will,

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