Coinbase is on it's way to become a full stack investment platform offering not just cryptocurrencies but as well all other kinds of investment possibilities just as traditional stocks, etc.
To be able to get there the company has to get approved as a fully regulated broker dealer by the SEC. According to latest statements of Coinbase this process has been initiated as well through the acquisition of securities dealer Keystone Capital Corp., Venovate Marketplace, Inc. and Digital Wealth LLC.
"If approved, Coinbase will soon be capable of offering blockchain-based securities, under the oversight of the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). This step forward is being made possible by our acquisition of a broker-dealer license."
My Personal Take On This:
I can only speak for myself but i'd love to be able to trade some tokenized assets on coinbase. This would not just allow me to trade cryptocurrency but as well to switch between the different asset classes very easily.
One might not like coinbase as it's regulated and will notify the officials about your crypto profits but honestly soon enough every single exchange will have to do this in case they want to be able to offer their customers a professional service and an offramp to fiat.
To sum it up, yes I like the approach of coinbase and am curious on what they'll come up with in future. The world of finance as we know it might just become a totally different one in a few years from now.
What's your take on this?
( Source - Cointelegraph.com )
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a slave to the old system, nice bending over to the gov.
coinbase is not better than any other shitty bank nowadays
Every big win for mega-investors is not really a win for the average retail investor. BTC futures should tell you that if nothing else.
yeah you're right, but i still believe someone on the way to beat coin base
I was a stockbroker for over 27 Years and honestly I don't ever care about owning a Stock ever again. I will stick with crypto and precious metal.....
I don't think that it is going to hit all the people trading from different countries i.e. until that particular country is going to make a policy regarding this and take benefit from the SEC regulated exchange.
They started with this some time ago when they flaunted with privacy policy and dunked user's anonymity flat into the soil-soup.
Not feeling so gravy about this. But I see Bitshares rising to be the number one trading platforms if the others get regulated. There's just too much freedom through Bitshares for Mr Larimer to agree to officiation.
Good news.
Huge if true...... oh wait.... it is true #moon coming this Fall when all the big boys come to play. Institutional on-ramps being built...... game on.
There's lots of great news out today related to institutional adoption of bitcoin. Sec chairman's interview saying bitcoin isn't a security, circle applying for banking lincense and trading venue license, coinbase registering with sec as inter dealer broker. Add to this Goldman's crypto desk and institutional custody solution by nomura announced during consensus.
Something big is about to happen to crypto markets. There's way too much positive news and all is being ignored.
This is growth and it will help the crypto space grow while legitimizing the space and preparing us for the company that will eventually replace Coinbase and be truly decentralized.