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The SEC and FINRA has signed off on a trio of acquisitions (Keystone Capital, Venovate Marketplace, Digital Wealth LLC) that will allow Coinbase to become the first federally regulated venue for trading digital coins deemed to be securities.
Coinbase said Friday that it’s looking into letting users trade five new digital coins -- Cardano, Basic Attention Token, Stellar, Zcash and Ox -- but can’t guarantee it will list the tokens. If it does add the assets, the move would signal a turning point for Coinbase, which currently only lets customers trade Bitcoin, Bitcoin Cash, Ether and Litecoin. The announcement doesn’t mean the firm has determined that the five coins aren’t securities, Coinbase said, noting that some of the assets may only be available in certain countries for legal reasons.
