INSUBCONTINENT EXCLUSIVE:
Cryptocurrency exchange Coinbase is reportedly looking for the green light from US financial regulators to offer tokenized stock trading to
its users.According to a Tuesday Reuters report, Coinbase's chief legal officer, Paul Grewal, said the company was seeking Securities and
However, US-based digital assets companies have been able to offer similar services to non-residents through partnerships
Crypto exchange Kraken announced a plan to launch tokenized US stock trading in May.Since the Trump administration took over in January,
Coinbase and other US crypto companies seem to be dealing with a friendlier political, legal, and regulatory environment
In February, the SEC dropped an enforcement action filed against Coinbase in 2023.Related: Fairmint calls for blockchain framework for
Grewal reportedly did not indicate whether the exchange had already submitted a request to the SEC about the matter.The report came as
Coinbase is expected to secure a license to operate in the European Union under its Markets in Crypto-Assets (MiCA) regulations
for access to user data, resulting in many phishing attempts.Shares of Coinbase stock (COIN) were trading at $252.20 at the time of
publication, having fallen roughly 3.6% in the last 24 hours
The company joined the S&P 500 index in May, making it the first US crypto firm to do so.Magazine: TradFi is building Ethereum L2s to
tokenize trillions in RWAs: Inside story
