Supreme Court rules in favor of Coinbase in arbitration dispute

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The Supreme Court backed Coinbase's bid to halt customer lawsuits while it pursues appeals to move the disputes into private arbitration.

's bid to halt customer lawsuits while it pursues appeals aimed at moving the disputes out of courts and into private arbitration, which businesses often prefer over litigation.

Companies generally prefer to arbitrate claims because the process is cheaper and faster than litigation in court, which can be harder to fight and carries a greater risk of hefty damages awards.

 

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