Coinbase has approached US regulators about registering as a licenced brokerage firm, according to a WSJ report.
Bitcion is down 2.1% on Friday to $6606 but it’s the broader crypto market that could benefit, especially second-tier coins like Ripple, which has been trying to get on Coinbase.
“The step would allow Coinbase to expand the group of assets it offers to include digital tokens,” the report says.
Coinbase currently offers Bitcoin, Etherium, Litecoin and Bitcoin Cash. They’ve been reluctant to list others because they could be considered as securities.
Don’t expect good news quickly. It’s a long process to navigate the regulators.