Bitcoin Exchange Coinbase Approaches SEC for Regulated License

Coinbase has approached regulators to get registered as a licensed brokerage. Such a move will allow the exchange to conduct its business in compliance with the SEC, which considers cryptocurrencies to be “securities.” If executed right, the regulated exchange would be able to provide several other cryptocurrencies for trading purposes on its platform, including the coins/tokens that are considered as “securities” by the SEC.

In a recent report, Coinbase said that “it wants to firmly establish itself as the Google of cryptocurrencies, and has its eye on expanding its exchange beyond the four coins currently listed — bitcoin, bitcoin cash, ethereum, and litecoin.”

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