Thursday, June 7, 2018

Coinbase Applys For Various Licences

Image result for asiff hirji coinbase
The CEO and President of Coinbase, Asiff Hirji, recently announced that the company is making good progress towards acheiving it's status as a licensed broker/dealer, an alternative trading system licence, and registered investment advisor licence, as regulated by the Federal government.

Once these licences have been granted, Coinbase will move forward to request approval from the SEC (the United States Securities and Exchange Commission) together with the FINRA (Financial Industry Regulatory Authority, to provide blockchain securities.

Hirji explained futher by stating "We believe this is an important moment for the crypto ecosystem, and yet another indication of the maturation of the crypto economy. If approved, these licenses will set Coinbase on a path to offer future services that include crypto securities trading, margin and over-the-counter (OTC) trading, and new market data products."

Hirji also explained "we believe this will democratize access to capital markets for companies and investors alike, lowering costs for all participants and bringing additional transparency and inclusion to the ecosystem."

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