Coinbase Retracts Announcement of Regulatory Approval to List Coins Considered Securities

Crypto exchange and wallet Coinbase has retracted its previous statement that it received approval from the U.S. Securities and Exchange Commission (SEC) to trade in securities, Bloomberg reports July 18. Last week, Coinbase reported that it could now operate as a broker dealer, offering digital tokens considered to be securities, after its acquisition last month of Keystone Capital Corp., Venovate Marketplace Inc., and Digital Wealth LLC. As reported at the time, the acquisition occurred with the blessing of two regulators: the SEC and Financial Industry Regulatory Authority (FINRA). Coinbase has…

Coinbase Claims It Now Has Regulatory Approval to List Security Tokens

U.S. cryptocurrency exchange Coinbase has reportedly received regulatory approval to acquire several securities firms – a move that could eventually see it supporting trading in tokens deemed as securities. A spokesperson for the exchange said on Monday that both the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) have approved recently revealed acquisition deals for currently regulated firms, according to a report from Bloomberg. Last month, the exchange announced that it intends to purchase three companies – Keystone Capital Corp., Venovate Marketplace and Digital Wealth LLC – as…

Coinbase Gets Regulator Approval to List Digital Coins Considered to be Securities

Cryptocurrency exchange and wallet service provider Coinbase has received approval from the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) to list digital coins considered to be securities, Bloomberg reported July 16. A Coinbase representative told Bloomberg that the SEC and FINRA have authorized the exchange to acquire security dealers Keystone Capital Corp., Venovate Marketplace Inc. and Digital Wealth LLC. The deal will allow Coinbase to extend its offerings with security tokens and to operate as a broker dealer, an alternative trading system, and a…

Coinbase Announces Five Possible New Assets, Makes No Guarantees For Trade Listing

San Francisco-based cryptocurrency exchange Coinbase has announced that it is examining the addition of five new coins, according to a blog post published July 13. The trading platform is exploring the possibility of adding new assets to its trading lists, including Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC), and 0x (ZRX). Additionally, Coinbase said it will negotiate with local banks and regulators to add the assets to as many jurisdictions as possible. In June, Coinbase announced it will support Ethereum Classic (ETC) on their platform, after…

5 Crypto Assets Are Soaring on Possible Coinbase Listings

Cryptocurrencies generally see a price increase after being added to an exchange, but with Coinbase the rise can be meteoric – even when nothing is actually being added. The exchange announced Friday that it was looking into potentially adding cardano’s ADA token, basic attention token, stellar, zcash and 0x to its platform, and each of the tokens immediately saw double-digit percent price spikes. The increases are even more interesting considering Coinbase noted that it “cannot guarantee they will be listed for trading.” Notably, the exchange also claimed that “we are making…

Cryptocurrency Prices Soar on News Coinbase Is ‘Exploring’ Adding Five New Coins

The cryptocurrency market experienced a slight bump on Friday, but five altcoins managed to break away from the pack, bolstered by the announcement that cryptocurrency exchange and brokerage giant Coinbase is “exploring” adding support for them to its several platforms. Earlier today, the San Francisco-based Coinbase announced that it is engaging with discussions with banks and regulators in a variety of jurisdictions about adding support for five new cryptocurrency tokens: cardano (ADA), basic attention token (BAT), stellar (XLM), zcash (ZEC) and 0x (ZRX). Having learned from past listing fiascos, the…

Coinbase App Download Rate Falls Following Decline in Crypto Markets

San-Francisco-based cryptocurrency exchange Coinbase’s download rate has fallen to its lowest level among U.S. finance apps following the general decline in digital currency markets, Quartz reported July 10. According to Quartz, the Coinbase app fell to 40th place in June download rankings, its lowest download ranking since April 2017. The situation reportedly reflects the fickleness of retail traders, who make up the greater part of trading volume in crypto markets. In December, Coinbase reportedly became one of the top finance apps in the U.S. in terms of downloads backed by…

‘Coinbase Custody’ Targeting Institutional Investors Now ‘Officially Open for Business’

Major U.S. crypto exchange and wallet provider Coinbase has announced that its digital assets custodian solution for institutional investors is now launched, in an official blog post July 2. Coinbase first revealed its plans for its ‘Coinbase Custody’ venture in late 2017, saying at the time that it was seeking to address what it considers to be the “number one” concern of institutional investors, namely, security. As per today’s post, Coinbase has already been storing over $20 billion worth of clients’ crypto over the past six years, but its new…

Coinbase to Open New Office in Portland, Oregon

Leading U.S. cryptocurrency exchange and wallet provider Coinbase announced today, June 28, that they are opening a new office on the west coast of the United States in Portland, Oregon. According to a statement on the Coinbase blog, the exchange had considered different cities before deciding on Portland for its “incredibly talented, innovative open-source and blockchain communities.” Coinbase states that it has signed a seven-year lease on the new office, where renovations will begin in the coming weeks. Per the blog post, Coinbase will add up to 100 new jobs…

Coinbase CEO Launches Charitable Initiative to Help People in Emerging Markets

CEO of cryptocurrency exchange Coinbase Brian Armstrong has announced the launch of a charitable initiative to “financially empower people by distributing cryptocurrency globally,” according to a blog post published June 27. The non-profit initiative GiveCrypto.org intends to raise funds from crypto owners and distribute small amounts to people who live in emerging markets, more specifically to those going through financial crisis. According to the announcement, the initiative aims to “help people in need by sending money to them directly,” “advance real-world usage and benefits of cryptocurrency,” and “provide universal access…