Recently, it was announced in a report by Bloomberg, that Coinbase, a company based in San Francisco, has been sanctioned by U.S. regulators to list digital assets that are classified as securities on its trading goods.
These regulators include the Financial Industry Regulatory Authority (FINRA) and the U.S. Securities and Exchange Commission (SEC), who authorised Coinbase’s acquisition of Venovate Marketplace Inc., Digital Wealth LLC and Keystone Capital Corp.
Just last month, Coinbase reported that it was right on schedule to attain the specific licenses it needs to emerge as a fully-regulated securities firm, under the supervision of FINRA and SEC.
How does this impact Coinbase?
Now, it is able to provide an increasing number of services. These services comprise crypto securities and margin and over-the-counter (OTC) trading. On top of that, they can also offer new market data products.
In the future, Coinbase will list security tokens that are designed to be tradable assets. These tokens can only be accessed by accredited investors and will be disseminated to those who are pursuing profits in the future.
A few days ago, Coinbase shared that it is earnestly finding ways to increase the amount of digital currencies it supports. Coinbase announced that, at present, it is keen in adding the cryptocurrencies, Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC) and 0x (ZRX) to its trading products.