Coinbase kicked off this week by sharing some interesting news for its users.
The cryptocurrency exchange platform got the green light to sell tokenised securities from the US Securities and Exchange Commission and Financial Industry Regulatory Authority, according to Bloomberg.
The company also confirmed the acquisitions for Venovate Marketplace, Digital Wealth and Keystone Captial.
The latter is the most important of the three, with the California-based broker-dealer operation serving as an alternative trading solution for Coinbase once the regulatory bodies gave the go ahead.
This latest piece of news should be welcome to Coinbase users, especially as it now opens up the possibility for the exchange platform to move beyond basic cryptocurrency transactions and begin trading tokenised securities.
As such, it affords them the opportunity to profit from the investments raised during an initial coin offering (ICO).
In other Coinbase related news, the company explained in a recent blog post that it would be exploring adding new coins to its platform, in the form of Cardano, Basic Attention Token, Stellar Lumens, Zcash and others.
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