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Coinbase says it never needed SEC approval to list security tokens
2018-07-19T08:16:21Z - Mix / The Next Web
Earlier this week, leading cryptocurrency exchange desk Coinbase announced it had gotten a stamp of approval from the US Securities and Exchange Commission (SEC) to close a trio of acquisitions that could allow the company to trade security tokens. “It is not correct to say that the SEC and FINRA approved Coinbase’s purchase of Keystone because SEC was not involved in the approval process,” Horowitz told Bloomberg. For all the people still hoping Coinbase will list XLM or XRP Yes, Coinbase can trade securities. “Being approved to take ownership of these licensed entities is one more step toward our ultimate goal of allowing our customers to trade securities tokens on our platform,” a spokesman for Coinbase told Bloomberg on Monday. Paired with the now-denied SEC approval, many considered the announcement a harbinger of a new phase for Coinbase – one that would see the exchange add a number of less popular tokens to its platform.

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