US Coinbase acquires broker-dealer company

Posted 07 June, 2018

The major US-based crypto platform – Coinbase – has reportedly announced intentions to become the regulated broker-dealer and acquire California-based Keystone Capital.

As commented the company operational director, they are working with the regulators in order to receive the license for the broker and e-trading activities.

"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 (B-D), an alternative trading system license (ATS), and a registered investment advisor (RIA) license," the company blog reads.

As a result, the company will become able to offer blockchain assets with securities value. Moreover, Coinbase is also cooperating with the authorities willing to get an approval for tokenization of different assets. This is believed to facilitate the access to capital markets for private investors as well as to reduce costs and improve the market transparency. After

"...we believe this is an important moment for the crypto ecosystem, and yet another indication of the maturation of the crypto economy."

The company intends to become "the most trusted" buy-sell service with a wide range of cryptocurrencies and other assets in the list, and successul passing the certification will bring it closer to that target.

 

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07 June, 2018 12:18

← Binance has account in Malta for now

The major crypto trading platform Binance (in terms of trading volume) has reportedly opened an account with a bank in Malta. According to the news reports, with this move, the company is coming closer to their plans to launch fiat-crypto deposits and withdrawals, which is believed to help new investors enter the segment among other features.

Binance has account in Malta for now

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07 June, 2018 10:58

Euro remains on the rise driven by anticipated QE exit →

The euro has remained near the 2-week peaks against the majors in the second half of the week. The positive dynamics of the currency is related to possible shut down of bonds buying programme by the European Central Bank. As it was reported earlier, the senior economist at the ECB commented that the regulator was about to discuss the QE exit.

Euro remains on the rise driven by anticipated QE exit
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