Coinbase exchange plans to receive a brokerage license...

[nasibaha20012]

The American cryptocurrency exchange Coinbase is negotiating with The United States Securities and Exchange Commission (SEC) to register as a licensed brokerage company, reports The Wall Street Journal. This license will allow Coinbase to trade cryptocurrencies defined in the US as security tokens. Many issuers of cryptocurrency are against this approach, as it entails complex bureaucratic procedures in trading transactions.

GDAX exchange, the brand name of the Coinbase platform, offers the following trading pairs: Bitcoin, Bitcoin Cash, Litecoin and Ethereum against the Dollar, Euro and British Pound, and is ranked 9th in the daily trading volume ($ 149,110,637). At the same time, the exchange popularity among non-specialists shows that its decisions will set trends for other market participants.

Recently, Coinbase announced that it plans to add ERC20 tokens to its listing. In this case, an official permit for security tokens trading will guarantee a quiet work. At the same time, the SEC itself has not yet determined which digital tokens should be considered the security one... https://t.me/whatsoncrypto

[Kakmakr]

A lot of debate has been done on how some coins are structured and how the SEC will define these coins. Some even speculated that the SEC might in future, clamp down on coins like Ethereum, because it could be defined as a security and any unlicensed trading in that coin, would be perceived as security fraud.

Coinbase might end up as the only licensed exchange to trade these coins and the rest could be illegal. You never know with the SEC and the laws in the US.

[Jones chen]

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[Jones chen]

This is an inspiring good news. It will allow more people to understand and participate in the cryptocurrency market.