April 18, 2023

Coinbase Next After Bittrex: US SEC Official

Coinbase the Next After Bittrex Following US SEC Official

We recently reported the SEC official's statement on cryptocurrency exchange Bittrex, where they declared that the US-based exchange is not holding any valid license to operate in the US. Following this, we are now seeing Coinbase as being the next in line.

According to a recent update from Coinbase, they announced that they have been officially listed as an SEC registered broker-dealer. This will allow them to offer services to traders and investors that are compliant with the regulations set forth by the SEC.

Coinbase is currently one of the most popular digital currency exchanges in the world. They provide services to both retail and institutional customers, and now with their official registration from the SEC, they can be relied upon for compliance.

The CEO and co-founder of Coinbase, Brian Armstrong stated that this registration is a major milestone for them, and it will help them move forward with their mission of making cryptocurrencies more accessible around the world.

SEC's official statement was clear when it came to regulating cryptocurrency exchanges. They stated that these exchanges must register and comply with all necessary regulations before they can trade or offer any services related to digital assets.

Coinbase is one ofthe first companies to take necessary steps to become compliant with regulatory requirements. This could be a major step forward in legitimizing cryptocurrencies within mainstream financial markets. With a well established brand like Coinbase taking these measures, it could also start a chain reaction among other cryptocurrency exchanges and businesses to follow suit.

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