US: Coinbase Says It Won Approval for Trio of Acquisitions

Bloomberg

Coinbase Inc., one of the most popular cryptocurrency platforms, said it got the green light to move forward with a trio of acquisitions that could allow it to become one of the first federally regulated venues for trading digital coins deemed to be securities. The Financial Industry Regulatory Authority approved Coinbase’s purchase of Keystone Capital Corp., Venovate Marketplace Inc. and Digital Wealth LLC, a company spokesman said Monday. The acquisitions could help enable the firm to offer so-called security tokens, and also place the businesses under more federal oversight. Coinbase has primarily been regulated by a patchwork of state authorities.

image via Shutterstock

Read More

Follow us on: