Coinbase filed an application with the SEC to obtain a license to carry out brokerage activities.
Advantages of brokerage license
If the application is approved, Coinbase will be able to increase the list of supported assets, adding to it those that the SEC classified as securities. Also, the platform will reduce legal risks, as it will more closely comply with the law.
Asiffa Hirji, chief operating officer and president of Coinbase, has already mentioned the difficulties of adding new digital assets to the platform. The main reason for this is the uncertainty of the regulatory framework.
“As soon as there is more regulatory clarity than now, we will start listing new assets,” Hirji said.