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Coinbase May Soon List SEC-regulated Crypto Securities

In a June 6, 2018 announcement the highly popular cryptocurrency exchange Coinbase said it will soon be on track to operate as a regulated broker-dealer. This plan is pending approval by federal regulators.

Coinbase might soon be capable of offering blockchain-based securities with the oversight of the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). This progressive plan for Coinbase came after the exchange acquired a broker-dealer license (B-D), an alternative trading system license (ATS), and a registered investment advisor (RIA) license.

When it comes to blockchain-based digital assets the diversity is immense and many are bound by SEC oversight. Coinbase says securing licenses for blockchain-based digital assets would “bring us a step closer to our goal, which is to be the most trusted way for our customers to buy, sell, and use many different types of crypto assets.”

In a June 6 blog post, the COO of Coinbase, Asiff Hirji, writes in part,

Ultimately, we can envision a world where we may even work with regulators to tokenize existing types of securities, bringing to this space the benefits of cryptocurrency-based markets — like 24/7 trading, real-time settlement, and chain-of-title. We believe this will democratize access to capital markets for companies and investors alike, lowering costs for all participants and bringing additional transparency and inclusion to the ecosystem.

Go here to see the full blog post.

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Jack Taylor is a freelance journalist who has contributed to many award winning media outlets on a wide range of topics regarding trending technologies, cryptocurrency, blockchain & digital privacy.
Tennessee