Supreme Court rules in favor of Coinbase in arbitration dispute

The U.S. Supreme Court on Friday backed cryptocurrency exchange Coinbase Global Inc‘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.

The justices, in a 5-4 decision, overturned a lower court’s ruling involving a user who sued after a scammer stole money from his account. The lower court…