Coinbase turn regulated bitcoin-exchange at




Coinbase, one of the largest providers of bitcoin-wallets in the world, announced Monday an exchange where users can sell their bitcoins. Initially, the scholarship is only available to Americans, which was acquired in half the states a license.

Coinbase Coinbase has about half of all US states approval of the financial authorities, including New York and California. In states where Coinbase has no approval, the company will not offer its activities in other countries either. The company wants to expand to countries other than the US, reports The Wall Street Journal, but when this happens is not yet known.

Coinbase, which the New York Stock Exchange has an interest, then took five months to collect the necessary licenses. The fair is Monday already introduced, which Coinbase the Winklevoss brothers is for. They made ​​Friday that they regulated bitcoin-exchange wanted to set up. The two brothers, who are known to the lawsuits that they introduced the idea behind Facebook, invested more heavily in bitcoins.

Until now, users could store via Coinbase bitcoins and send it to others; it was not possible to sell them on a larger scale. Users can also buy and sell bitcoins, but while they deal with Coinbase itself. Moreover Coinbase is a processor for bitcoin payments.

According to a part of the bitcoinbezitters, there is a need for a regulated exchange where bitcoins can be traded, once the confidence in the virtual currency is shrunk after a series of events, including the collapse of Mt. GOX. Critics argue that regulated exchanges undermine the anarchic nature of the currency.


In: A Technology & Gadgets Asked By: [19121 Red Star Level]

Answer this Question

You must be Logged In to post an Answer.

Not a member yet? Sign Up Now »