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Author Topic: [2018-06]Coinbase Acquires Investment Firms to Offer Regulated Crypto Securities  (Read 33 times)
maarx
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June 07, 2018, 03:40:25 PM
 #1

Coinbase is seeking to become a fully licensed broker-dealer through its acquisition of three federally regulated firms. The company is confident that it will get the approvals necessary to start offering fully-regulated crypto securities.

https://news.bitcoin.com/coinbase-acquires-investment-firms-regulated-crypto-securities/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications

Coinbase as Regulated Broker-Dealer

One of the world’s largest cryptocurrency companies, Coinbase, has implemented a plan to list crypto securities, the company announced on Wednesday.

President and COO, Asiff Hirji, wrote:

Today, we’re announcing that Coinbase is on track to operate a regulated broker-dealer, pending approval by federal authorities. 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).

your thoughts on it?

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June 07, 2018, 03:43:56 PM
 #2

It's pretty big, there has been alot of good news lately and we are really starting to see the stage be set for the OPPORTUNITY of institutions to add crypto to their portfolio as an asset class.

Custody is a big issue that is also being addressed, the biggest question is will these institutions get into the game when they have all the tools and resources to do so?

I think that when a couple do jump in we could see FOMO from other institutions and maybe really start to see the type of market cap numbers that people have been forecasting all this year.


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figmentofmyass
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June 07, 2018, 09:40:04 PM
 #3

Today, we’re announcing that Coinbase is on track to operate a regulated broker-dealer, pending approval by federal authorities. 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).

your thoughts on it?

let the gold rush continue. the shovel salesmen are all setting up shop now! Tongue

this is what patrick byrne is trying to do with overstock's subsidiary, tZero. in q3 last year, patrick byrne said tZero would be the first digital securities exchange in compliance with SEC and FINRA guidelines.

looks like coinbase and circle are both trying to beat them to the punch.

this all tells me one thing: people saying ICOs are gonna die out have got it backwards. i think byrne is right---tokenization of securities on decentralized p2p platforms is only going to get more prevalent with time. ICOs are just the beginning.

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June 08, 2018, 07:12:45 AM
 #4

Today, we’re announcing that Coinbase is on track to operate a regulated broker-dealer, pending approval by federal authorities. 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).

your thoughts on it?

let the gold rush continue. the shovel salesmen are all setting up shop now! Tongue

this is what patrick byrne is trying to do with overstock's subsidiary, tZero. in q3 last year, patrick byrne said tZero would be the first digital securities exchange in compliance with SEC and FINRA guidelines.

looks like coinbase and circle are both trying to beat them to the punch.

this all tells me one thing: people saying ICOs are gonna die out have got it backwards. i think byrne is right---tokenization of securities on decentralized p2p platforms is only going to get more prevalent with time. ICOs are just the beginning.

Exactly. So now they will be able to carry illicit trading activities at a larger scale.
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June 08, 2018, 10:18:28 AM
 #5

I think that this will contribute to the mass attraction of new investors to the crypto market. But for this purpose it is necessary that certain "rules of the game" were adopted.The first step in this direction has been taken.

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June 08, 2018, 08:43:10 PM
 #6

Today, we’re announcing that Coinbase is on track to operate a regulated broker-dealer, pending approval by federal authorities. 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).

your thoughts on it?

let the gold rush continue. the shovel salesmen are all setting up shop now! Tongue

this is what patrick byrne is trying to do with overstock's subsidiary, tZero. in q3 last year, patrick byrne said tZero would be the first digital securities exchange in compliance with SEC and FINRA guidelines.

looks like coinbase and circle are both trying to beat them to the punch.

this all tells me one thing: people saying ICOs are gonna die out have got it backwards. i think byrne is right---tokenization of securities on decentralized p2p platforms is only going to get more prevalent with time. ICOs are just the beginning.

Exactly. So now they will be able to carry illicit trading activities at a larger scale.

If they offer regulated securities for sale - it will come with full bells and whistles - all the Know Your Customer norms and Anti Money Laundering norms associated with the traditional exchanges. There may be illicit trading activities which go on, but no higher than the traditional exchanges.


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June 08, 2018, 09:08:06 PM
 #7

If they offer regulated securities for sale - it will come with full bells and whistles - all the Know Your Customer norms and Anti Money Laundering norms associated with the traditional exchanges. There may be illicit trading activities which go on, but no higher than the traditional exchanges.

i think it might turn out win-win, but maybe i'm being optimistic. on one hand, you'll have regulated trading with full KYC through a more traditional broker-dealer relationship. regulators are happy, accredited/institutional investors are happy, broker-dealers are happy.

on the other hand, since we're talking about securities tokenized on decentralized platforms, you can likely invest into said securities on secondary/p2p markets and avoid regulated broker-dealers entirely.

fully regulated markets bring thick liquidity, and arbitrage opportunities will probably incentivize some of that liquidity to spill over into the secondary/p2p markets.

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