The US-based platform Coinbase, which has been very active during the last 6 months, announced it received a green light from regulators to introduce in its listings tokens deemed as securities. This would be possible through a series of acquisitions of a few securities trading companies, three of them, to be more precise: Keystone Capital Corp., Venovate Marketplace Inc. and Digital Wealth LLC.
After a period of due diligences on the newly acquired entities, Coinbase reportedly will open its gates for tokens deemed as securities, making it the closest thing you can get for a "stock market for cryptos".
I find this news to be more bullish than the recent announcement that Black Rock is eyeing cryptos as well. Coinbase is not from the same upbringing as big Wall Street players and, although it constantly hinted at centralization, is still a much better option, at least in my opinion, than a Wall Street-based hedge fund.
All in all, good news,
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
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A very good news indeed... Coinbase is the gateway to crypto world, anything related with them will have big impact.
That's good news; I've got lots of small coins and I hope at least one of them goes on to coinbase because then it will go up huge and I will be rich, rich I say; unless none do and then I am doomed...
Thank for this wonderful news. Hopefully This news will bullish the market.
This has been in coming for some time now. All can say is - about time!
I also heard about the BlackRock news yesterday and it is huge given that their funds exceed three trillion dollars. Not surprisingly they have been looking into blockchain technology since 2015.
If the tokens are deemed as securities, whats the criteria used to know they are secured.
This might be the comment of the day :)
"Securities" is a technical term, and , according to Wikipedia, means this:
They are going to be the amazon of exchanges
That's a very good news , thanks for your important information . Keep good work of every time .
Thanks for sharing @dragosroua
Upvote you .
Hi I heard somewhere on crypto news platform that Coinbase is being acquired by Facebook, have you any update about it....Just for market update!!!!
And Thanks for nice inforamtion.
no update, it was just a rumor
Thanks for the information, is feels good to know about this.
I've got some good stuff here https://katumuadasisblog.com/
This are great news indeed, but for me BINANCE would be number 1 if they accepted FIAT deposits :)
Coinbase really is going to be the major avenue for mass adoption. I am really happy with what they did with CoinbasePro since they will offer insurance on their platform!
They are miles ahead of the competition right now and when they list other currencies it will only boost their importance in this space.
Very good news but on the coinbase, when will be a bitcoin trade in India..
we need steem on there as well !
Great news this is finally SEC clearing many things hopefully ETF too soon :)
Okay. So, as far as STEEM goes, what does this mean. Based on the definition you quoted in reply to someone else's comment, I get that STEEM wouldn't be a part of this "crypto stock exchange." I will happily be wrong, however, if it means that I can buy STEEM with fiat directly. That's really all I want, and I just don't think it's that much to ask. Technically, apparently it is, but if Bitcoin, Litecoin, Bitcoin Cash and Ethereum can do it, why not STEEM? Please.. :)