According to a source from Coinbase, it is reported that they are preparing to become the US-based Blockchain Securities Exchange. Coinbase believes this is an important moment not only for Coinbase, but for the entire electronic money ecosystem.On the Coinbase Twitter homepage this morning it announced that it is ready to become the US-based Blockchain Stock Exchange .
Coinbase says they are on the right track in running a standard brokerage business and are awaiting approval by federal agencies.
If approved, Coinbase will soon be able to offer blockchain-based securities including stock trading, margin trading, OTC transactions and new market data products, under the US Securities and Exchange Commission ( SEC ) and the Financial Industry Authority (FINRA).
This advance can be made by acquiring a broker's agent license (BD), an alternative trading system license (ATS) and a registered investment advisory license (RIA).
There are now many types of digital assets based on blockchain, from electronic money to secure tokens. In the United States, some of these assets will be subject to SEC scrutiny. From here, Coinbase will be closer to their goal, which is to create the most dependable for their customers.
Finally, Coinbase envisioned the prospect of working with regulators to encode existing securities, offering market benefits. They believe this will help equity in capital markets for companies and investors, reduce costs for all participants and bring transparency to the ecosystem.
This is an important step towards narrowing the gap between traditional and open finance for the world.
