Cryptocurrency
trading firm Coinbase has entered into talks with the U.S. Securities and Exchange Commission about registering as a licensed broker - dealer firm and...
Not exact matches
Just a week ago, Circle, a financial services
firm specializing in Bitcoin
trading, acquired Poloniex, a rival cryptocurrency exchange to
Coinbase, for a price believed to be around $ 400 million, as Fortune first reported.
However, of the three, Circle Invest is the app which most closely mirrors
Coinbase eponymous brokerage app, and — owing to its former life as a Bitcoin exchange, its profitable
trading desk, and its recent acquisition of cryptocurrency exchange Poloniex — it is also the
firm with the deepest roots in the cryptocurrency ecosystem.
WASHINGTON —
Coinbase, a leading cryptocurrency
firm, has approached U.S. regulators about registering as a licensed brokerage
firm and electronic -
trading venue, a move that comes as regulators have waged an aggressive campaign to supervise the fledgling industry.
Coinbase, a leading cryptocurrency
firm, has approached U.S. regulators about registering as a licensed brokerage
firm and electronic -
trading venue, according to people familiar with the matter.
When
Coinbase launched BCH
trading on Dec. 20, BCH prices spiked just prior to the announcement and accusations soon appeared on social media suggesting that employees of the
firm might have tipped off others in advance.
Meanwhile,
trading of bitcoin cash was suspended on
Coinbase's GDAX exchange as the
firm investigated possible insider
trading.
The industry leaders such as huge cryptocurrency exchanges with highest
trading volumes (e.g. Bittrex, Bithumb, CoinOne, HitBTC,
Coinbase etc.), wallet providers (Blockchain.info, etc.), venture capital
firms (e.g. Andreessen Horowitz, Winklevoss Capital) and news media (Coindesk, Cointelegraph, CoinStaker, etc.) have already proven to the rest of the world that it is possible to run a business associated with digital coins legitimately.
Update 2:
Coinbase CEO Brian Armstrong noted that the unexpected surge in BCH's value was unexpected, and as such, the company is launching an internal investigation to determine whether employees at the
firm engaged in insider
trading:
The San Francisco based
firm Coinbase had responded to accusations of insider
trading in a blog post written by the company's founder Brian Armstrong on December 19.
Coinbase is a six - year - old
firm which provides a platform for cryptocurrency
trading.