Daily crypto: Markets have turned green and Coinbase to become a regulated broker-dealer

Daily crypto: Markets have turned green and Coinbase to become a regulated broker-dealer.

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Christian Ploog

christian.ploog@trijo.co

The crypto markets seem to have regained positive momentum and Coinbase may start to offer blockchain-based securities. Here are the top news stories from the last 24 hours.

The American crypto exchange, Coinbase, announced on Wednesday that they are well on track with registering as a regulated and licensed broker-dealer at SEC, the U.S. Securities and Exchange Commission. Should this become reality, it would enable Coinbase to offer blockchain-based securities.

That means that they would be able to offer security-related tokens as well as “tokenize” existing securities and related products. The advantages are said to be easier tracking of transactions and monitoring of ownership history via the blockchain, as well as enabling 24-hour trading, Coindesk reports.

“We believe this is an important moment for the crypto ecosystem, and yet another indication of the maturation of the crypto economy,” Asiff Hirji, COO at Coinbase, writes in a blog post.

Markets seem to have regained momentum

Taking a look at the crypto markets, it seems they have regained some positive momentum. Most of the major currencies, such as ripple (+1,38%), bitcoin (+1,11%), and bitcoin cash (+1,28%) has seen price increases the last 24 hours.

The currencies performing the best were aeternity (+14,14%) and skycoin (+10,87%), while nexus (-15,52%) and rchain (-14,79%) has lost the most, according to Coinmarketcap.

Prices the last 24 hours

Asset: Price: % (24h)
Bitcoin $7 712,63 +1,11%
Ethereum $610,17 +0,42%
Ripple $0,683491 +1,38%
Bitcoin cash $1 150,91 +1,28%
Eos $13,92 -0,84%

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