Coinbase gets approval from U.S. regulators to start listing tokenized securities – TechCrunch (
Coinbase shared big news Monday that federal regulators are allowing the popular cryptocurrency exchange to proceed with plans to sell cryptocurrency tokens that are deemed securities.

Last month, Coinbase acquired Keystone Capital, a California-based FINRA-registered broker-dealer that operates as an alternative trading system.

With the announcement, the SF-based cryptocurrency exchange disclosed that it would still need to get regulatory approval to operate under the Keystone licenses.

Today, the Securities and Exchange Commission and Financial Industry Regulatory Authority gave Coinbase just that, Bloomberg reported, approving that deal alongside the acquisitions of Venovate Marketplace and Digital Wealth.

Coinbase confirmed these details to TechCrunch as well.
Today’s news opens up the scope of Coinbase’s ambitions to the billions of dollars that have been raised in initial coin offerings over the past several months.

With permission to trade tokenized securities, Coinbase users could soon have the ability to move beyond the limited cryptocurrency options currently available to be traded on the site’s central exchange which currently just lists Bitcoin, Bitcoin Cash, Ethereum and Litecoin.

The company announced last week that it was exploring adding five new tokens to its exchange, including Cardano, Basic Attention Token, Stellar Lumens, Zcash and 0x.

In a blog post, the company specified that the announcement did not necessarily deem that these tokens were not securities and that classification might vary by jurisdiction.
    • 1
    Francisco Gimeno - BC Analyst Crypto exchanges are evolving to be able to provide more services (and get more money from it of course). However, latest news are that in reality Coinbase has not got any overt permission from SEC and that, indeed it doesn't even need a permit to do that. Coinbase stated that has discussed with some member of SEC how to do this while buying Keystone Capital Corp., Venovate Marketplace Inc. and Digital Wealth LLC as a part of its plan to operate as a broker dealer and later list coins deemed as securities.
    • 0 1 vote
    • Reply