Sergey Savastiouk's Avatar
published in Blogs
Jul 21, 2018

SEC Approves Coinbase to List Security Tokens?

Prominent crypto exchange and digital wallet provider Coinbase announced on July 16th that they had officially been greenlit by the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) to list security tokens on their exchange. Initial reports detailed that the company was given the go-ahead to purchase security dealers Keystone Capital Corp., Venovate Marketplace Inc., and Digital Wealth LLC, positioning Coinbase to add securities tokens to its list of offerings. News outlets reported Coinbase was also working to secure licenses to provide broker-dealer, alternative trading system, and registered investment advising services, and that they may work to tokenize traditional financial assets in the future.​

That announcement was corrected one day later by a Coinbase spokeswoman. “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,” Coinbase spokeswoman Rachael Horwitz said in an email to Bloomberg. “The SEC’s approval is not required for the change of control application,” said Horwitz. “Coinbase has discussed aspects of its proposed operations, including the acquisition of the Keystone Entity, on an informal basis with several members of SEC staff.” A representative for the SEC confirmed that the agency did not give Coinbase explicit approval for the deal. A FINRA spokesperson declined to comment.

The back-and-forth comes at a time of increased scrutiny for cryptocurrency-related services. Initial coin offerings, or ICOs, have been under fire from the SEC for some time, with chairman Jay Clayton publicly expressing his belief that every ICO he has seen qualifies as a security. Despite such statements, the current regulatory climate exists very much in flux, and the resulting legislative gray area makes it difficult for companies to take concrete action. Official definitions about “which digital currencies and assets are securities, which ones are commodities, money or currency…would be immensely helpful,” said Coinbase general manager Dan Romero in an interview with crypto news site CoinDesk.

But San Francisco-based Coinbase has been reluctant to sit and wait. The acquisition deal comes on the heels of a recent statement from the SEC that crypto exchanges must register with the commission to trade tokens that are securities – digital currency exchanges would also be subject to the same rules as traditional exchanges. An additional flurry of activity from the company included announcing plans to list new coins for trading, as well as an effort to establish the technology needed for future support of all tokens on the ERC20 blockchain. Coinbase appears to be positioning themselves to take advantage of a finalized regulatory framework with a diverse range of offerings. When that framework will arrive is still an open question.

 

Related Tickers: GLT.X
John Jacques's Avatar
published in Blogs
May 16, 2022
A.I. Stock Market Predictions: Head & Shoulders

A.I. Stock Market Predictions: Head & Shoulders

Statistics for the Head-and-Shoulders Bottom Pattern The days where only hedge funds used algorithms to trade stocks are officially over. Now retail investors can use Artificial Intelligence (A.I.  Here’s an example of the algorithm in action: Late last year, Tickeron’s A.I.
Edward Flores's Avatar
published in Blogs
Apr 29, 2022
How to Become the Millionaire Next Door

How to Become the Millionaire Next Door

The Golden Gate Bridge is always a fixture of these walks too, one of man's most beautiful creations.  As we were walking, at one point she turned to me and said, "Man, I'll never have a million dollars."" My girlfriend is 27 years old and works as a graphic designer, making about $75,000 a year.
Sergey Savastiouk's Avatar
published in Blogs
May 16, 2022
When Is the Next Recession Coming?

When Is the Next Recession Coming?

However, we also know that economists predicted 22 recessions out of 11 that took place since 1945. Are there real recession signs we should watch for?Indeed, the answer is yes, and here are a few very important ones: The first one is almost obvious and known to everyone – it is the Fed.
Sergey Savastiouk's Avatar
published in Blogs
Mar 14, 2023
How to Start Trading Penny Stocks

How to Start Trading Penny Stocks

Penny stocks have long been marginalized within the professional investment community, oftentimes being painted with a broad brush of simply being “too risky.” Leonardo DiCaprio’s depiction of the penny stock peddling conman, Jordan Belfort, in the Wolf of Wall Street certainly didn’t help.Here are four reasons to start trading them now. Reason #1: Let’s State the Obvious -- Penny Stocks are Cheap A single share of Apple Inc. costs over $350.
Dmitry Perepelkin's Avatar
published in Blogs
Mar 14, 2023
5 Habits that Lead to Successful Investing

5 Habits that Lead to Successful Investing

To consistently make money in this industry, you need emotional fortitude, an analytical mind, and a willingness to self-reflect. Despite trading and investing being two different activities, these principles can be applied to both.Conversely, investors with good habits often become great traders.  Rather than full sentences for titles, we’ve labeled each of our top-five investing habits using a single word principle.
Allana's Avatar
published in Blogs
Mar 23, 2023
What’s the Difference Between Data Analytics and Machine Learning?

What’s the Difference Between Data Analytics and Machine Learning?

Artificial intelligence (AI) technology is developing rapidly.Data mining can deliver raw numbers, but it does not necessarily provide actionable insights. Structure is necessary to taking abstract information and extracting commonalities, like averages, ratios, and percentages.
Sergey Savastiouk's Avatar
published in Blogs
Mar 13, 2023
4 Tips for Fast, Effective Stock Analysis

4 Tips for Fast, Effective Stock Analysis

With just a few clicks, an investor can search for individual stocks, categories of stocks, sectors, or investment themes, and then he or she can conduct a full range of technical and fundamental analysis within seconds.All powered by Artificial Intelligence.  Below, we give you 5 tips for fast, effective stock analysis using Tickeron’s Screener.
Sergey Savastiouk's Avatar
published in Blogs
Mar 20, 2023
5 Golden Principles in Investing

5 Golden Principles in Investing

You have enough faith in that stock, based on research, that the return will equal or exceed the investment.  Do unto others.The principles outlined here will ensure that happens.  Principle #1: Diversification Investors can’t be one-dimensional when constructing a portfolio.
John Jacques's Avatar
published in Blogs
Mar 24, 2023
If Hedge Funds are Using AI to Invest, Why Shouldn’t You?

If Hedge Funds are Using AI to Invest, Why Shouldn’t You?

Some of the world’s biggest financial institutions have devoted multi-million dollar budgets to developing algorithms that can find patterns in the market, identify trends, and perform automated trading designed to take advantage of even the smallest price movements. The AI revolution is so big that as it stands today, the world’s five biggest hedge funds all use systems-based approaches to trade financial markets.Indeed, quantitative trading hedge funds now manage $918 billion (according to HFR), which amounts to 30% of the $3 trillion hedge fund industry – a percentage continues to grow with each year that passes.
Sergey Savastiouk's Avatar
published in Blogs
Mar 15, 2023
The five most important Lessons Learned After 10,000 hours of Trading