Ninth Circuit Court Reverses District Court in Coinbase Arbitration Case

The Ninth Circuit Court has reversed a district court’s decision in a case involving Coinbase Inc., an online cryptocurrency exchange. The appellate court ruled that the arbitration agreement’s delegation provision, which dictates how disputes arising out of the agreement are handled, is enforceable. This overturns the district court’s finding that the provision was unconscionable. The case, which involved a Coinbase user’s claim of unauthorized fund transfers, highlights the complexities of arbitration agreements in online user contracts.