Coinbase Granted Green Light For Three Acquisitions, Investment Licenses

[kreslik.news]

As titans of U.S. cryptocurrency industry are in a race to establish the first regulated exchange for tokens deemed to be securities, Coinbase today said the nation’s regulators will approve its plans to buy a trio of firms including a broker-dealer registered with the Wall Street’s independent watchdog, the FINRA.

If confirmed, Coinbase will use licenses it obtains to offer customers blockchain-based securities. It will also be subject to more federal oversight.

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The San Francisco-based $1.6 billion digital currency exchange has acquired Keystone Capital Corp in a bid to operate as a ... (read more)