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Coinbase moves for dismissal of BiT Global's US antitrust complaint

( January 22, 2025, 01:10 GMT | Official Statement) -- MLex Summary: Coinbase argued to a California federal judge that BiT Global's "scattershot" antitrust complaint warrants dismissal for multiple reasons. In its motion to dismiss, Coinbase said that "the central theory of BiT’s complaint — that Coinbase had a legal obligation to continue dealing with BiT by listing [wrapped token product] wBTC on its exchange — contradicts the well-established principle that antitrust laws do not require firms to deal with one another, let alone on terms that a competitor (like BiT) prefers."See court filing. ...

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