Cryptocurrency exchange Coinbase has received the approval of US authorities for the acquisition of Keystone Capital Corp., Venovate Marketplace Inc. and Digital Wealth LLC. The deal will allow the exchange to open trading tokens are equivalent to securities, and will ensure the transition of the exchange to the jurisdiction of Federal authorities.
Formally, the company became the property of Coinbase in early June. All three organizations received licenses to the Commission on securities and stock exchanges (SEC) the USA. Venovate, like Keystone, is a registered broker-dealer and part-time alternative trading system (ATS); in turn, Digital Wealth provides consulting services in the field of investment. This series of acquisitions will allow Coinbase to legally start trading digital of financial assets, which equated to SEC securities.
Neither the SEC nor regulatory authority financial industry (FINRA) at the time of preparation of the material has not commented on the takeover of these companies Coinbase.
President Coinbase Asif, Hirji (Asiff Hirji) stated that licenses for the newly acquired companies will help Coinbase to become the most reliable platform for the trading and use of digital assets. Another representative of the company told that it will take time for integration processes, as well as checking the competency of new employees, after which the exchange will provide clients with all the necessary data and information about changes in the management team.
Writes CCN, integration of products and services Venovate, Keystone and Digital Wealth will open an additional revenue stream for Coinbase and will significantly increase the share of exchanges in turnover of cryptocurrencies on the market. Thus, according to CoinSchedule, during this fiscal year the profitability of cryptocurrency PBX $12 billion — three times more than last year — despite the fact that in some countries it is forbidden ICO.
Due to mandatory registration with the Commission securities and exchange Coinbase has postponed the listing of new assets. However, recently it became known that the exchange was considering adding zcash for, Cardano, 0x, Stellar Attention and Basic Token. Currently traded on Coinbase Bitcoin, Ethereum, Litecoin and Bitcoin Cash; also will be held in September listing Ethereum Classic.
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