Exchange Coinbase Buys a Financial Services Company
The Coinbase exchange has initiated this process to become a fully regulated dealer for the SEC. According to the report, which appeared on June 6, it became possible due to the purchase of Keystone Capital Corp.
It is worth saying that the purchase will allow the company to expand the number of offers. The statement made by the representatives of the project states that the main task of Coinbase is to "work with regulators to identify existing types of securities", which, in the opinion of the management, democratize access to market capital.
Asif Hiri, who is the president and chief operating officer of the exchange, said:
"If everything is approved, then soon Coinbase will be able to offer securities through a blockchain. At the same time, all activities will be completely legal, as it will be under the control of the US Securities and Exchange Commission."
Thus, a large crypto exchange market will be able to join other platforms, which set themselves the task of trading securities through a blockchain and in accordance with the regulatory requirements of the SEC. It is known that in the future, the company is aimed at expanding the service.