Coinbase is well on its way to managing a regulated broker-broker, awaiting approval from the federal authorities. If approved, Coinbase will soon be able to offer blockchain-based securities, under the supervision of the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). This breakthrough is made possible thanks to the acquisition of a broker-dealer license (BD), an alternative trading system license (ATS) and a registered investor license (RIA).
There are now many types of digital resources based on blockchain, from cryptocurrencies to security tokens to collectibles. In the United States, some of these activities will be subject to SEC supervision. With this in mind, securing these licenses brings Coinbase closer to its goal, which is the most reliable way for its customers to buy, sell and use many different types of cryptographic resources.
If approved, these Coinbase licenses will follow a path to offer future services that include cryptographic stock trading, margin trading and over-the-counter (OTC) trading and new market data products.
We believe this will make it possible to democratize access to capital markets for both companies and investors, reducing costs for all participants and bringing more transparency and inclusion to the ecosystem. He wrote the company on his blog.