Coinbase is on track to became a regulated broker-dealer in the United States. The information has been released by Asiff Hirji in a blog post uploaded on June the 6th. Coinbase is one of the most important cryptocurrency platforms in the market and it’s trying to be a fully compliant entity in the US.
Coinbase Regulatory Approval
The post explains that if federal authorities give the approval to Coinbase, it will be soon capable of offering blockchain-based securities under the oversight of the US Securities and Exchange Commission (SEC). 
“Today, we’re announcing that Coinbase is on track to operate a regulated broker-dealer, pending approval by federal authorities,” reads the post uploaded by Mr. Hirji. “This step forward is being made possible by our acquisition of a broker-dealer license (B-D), an alternative trading system license (ATS), and a registered investment advisor (RIA) license.”
At the moment, the market has an important number of blockchain-based digital assets, and an important number of them are considered as security tokens. In the US, some of these assets will have to be subject to the SEC oversight if they want to keep operating. With these licenses, Coinbase would be a step closer to offer different crypto assets on its platform.
At the moment, Coinbase is offering the possibility to its users to buy Bitcoin (BTC), Litecoin (LTC), Bitcoin Cash (BCH), and Ethereum (ETH). But it has also shown interest for offering other ERC20 tokens which are generally created by Initial Coin Offerings (ICOs) and defined as securities by the SEC and regulatory agencies worldwide.
The post reads as follows:
“Ultimately, we can envision a world where we may even work with regulators to tokenize existing types of securities, bringing to this space the benefits of cryptocurrency-based markets – like 24/7 trading, real-time settlement, and chain-of-title.”
This is a very important information for the crypto world. It means that Coinbase will be one of the first exchanges and platforms that is operating with crypto-related securities and that is in line with the regulatory rules applying in the US.
