Coinbase to list SEC-regulated crypto securities

In big news out of the crypto-world today, Coinbase, one of the largest exchanges in the world, is seeking approval from the US authorities to operate a regulated broker-dealer. This will mean that Coinbase will be able to offer blockchain-based securities which will have major implications for cryptocurrencies across the board.

Coinbase announced that they are in the process of acquiring a broker-dealer license (B-D), an alternative trading system license (ATS), and a registered investment advisor (RIA) license. They then have to receive approval from the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

Chief operating officer and president Asiff Hirji wrote in an official Coinbase blog:

"we believe this will democratize access to capital markets for companies and investors alike, lowering costs for all participants and bringing additional transparency and inclusion to the ecosystem."

"We believe this is an important moment for the crypto ecosystem, and yet another indication of the maturation of the crypto economy. If approved, these licenses will set Coinbase on a path to offer future services that include crypto securities trading, margin and over-the-counter (OTC) trading, and new market data products."

Will this be the start of big investment being able to securely and legally access and trade in the cryptocurrency world? If so, it could mean big things for those projects that are attractive and receive some large capital injections. Only time will tell if big business starts to invest large amounts into cryptocurrencies.

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