As previously reported, the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) have officially approved for Coinbase to list digital coins which are classed as securities.
Recently, Coinbase announced that it is exploring the addition of multiple new coins to its trading lists, which includes Basic Attentino Token (BAT), Zcash (ZEC), 0x (ZRX), Stellar Lumens (XLM) and Cardano (ADA). Though, Coinbase also made clear that this doesn’t guarantee that the new tokens will be listed for actual trading just yet.
The SEC and FINRA granted the exchange the rights to receive security dealers, Venovate Marketplace Inc. Digital Wealth LLC and Keystone Capital Corp. This deal indicates that Coinbase will be able to expand its security token offerings and will be able to do operations as a security broker, a registered investment adviser and an alternative trading system.
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A representative from Coinbase said that they will now integrate their technology into the new subsidiaries. However, the time of the event was not mentioned. Coinbase will need to confirm that its employees hold the correct licenses to review how the company will report its data.
In June this year, the platform announced its support for Ethereum Classic (ETC) and ERC20 tokens then explained that its move to add ERC20 “paves the way for supported ERC20 assets across Coinbase products in the future.”