Coinbase: Our Path To Listing Sec-Regulated Crypto Securities

From the Coinbase blog, June 6:

Today, we’re announcing that Coinbase is on rails to operate a regulated broker-dealer, pending blessing past times federal authorities. If approved, Coinbase volition before long hold out capable of offering blockchain-based securities, nether the oversight of the the U.S.A. Securities in addition to Exchange Commission (SEC) in addition to the Financial Industry Regulatory Authority (FINRA). This mensuration frontward is beingness made possible past times our acquisition of a broker-dealer license (B-D), an choice trading organization license (ATS), in addition to a registered investment advisor (RIA) license.

There are forthwith many types of blockchain-based digital assets, from cryptocurrencies to safety tokens to collectibles. In the United States, around of these assets volition hold out champaign of report to SEC oversight. With this inward mind, securing these licenses volition convey us a mensuration closer to our goal, which is to hold out the nearly trusted vogue for our customers to buy, sell, in addition to role many dissimilar types of crypto assets.

Following our recent proclamation of the Coinbase suite of institutional products, nosotros believe this is an of import 2d for the crypto ecosystem, in addition to nevertheless around other indication of the maturation of the crypto economy. If approved, these licenses volition gear upward Coinbase on a path to offering hereafter services that include crypto securities trading, margin in addition to over-the-counter (OTC) trading, in addition to novel marketplace position information products.

Ultimately, nosotros tin envision a Blue Planet where nosotros may fifty-fifty function alongside regulators to tokenize existing types of securities, bringing to this infinite the benefits of cryptocurrency-based markets — like 24/7 trading, real-time settlement, in addition to chain-of-title. We believe this volition democratize access to majuscule markets for companies in addition to investors alike, lowering costs for all participants in addition to bringing additional transparency in addition to inclusion to the ecosystem....MORE