Coinbase is on it's way to become a full stack investment platform offering not just cryptocurrencies but as well all other kinds of investment possibilities just as traditional stocks, etc.
To be able to get there the company has to get approved as a fully regulated broker dealer by the SEC. According to latest statements of Coinbase this process has been initiated as well through the acquisition of securities dealer Keystone Capital Corp., Venovate Marketplace, Inc. and Digital Wealth LLC.
"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."
My Personal Take On This:
I can only speak for myself but i'd love to be able to trade some tokenized assets on coinbase. This would not just allow me to trade cryptocurrency but as well to switch between the different asset classes very easily.
One might not like coinbase as it's regulated and will notify the officials about your crypto profits but honestly soon enough every single exchange will have to do this in case they want to be able to offer their customers a professional service and an offramp to fiat.
To sum it up, yes I like the approach of coinbase and am curious on what they'll come up with in future. The world of finance as we know it might just become a totally different one in a few years from now.
What's your take on this?
( Source - Cointelegraph.com )
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