Coinbase Has Launched The First Regulated U.S Based Exchange
January 26, 2015
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Coinbase Has Launched The First Regulated U.S Based Exchange

Today 26/1/2015 Coinbase has landed on the moon ! What ? Since the scoring of a massive $75 million funding round, bitcoin payment firm Coinbase has revealed that now is the first regulated bitcoin exchange in the U.S. . The company, which added the New York Stock Exchange and USAA to its list of investors last week, it has “regulatory approval” in half of all states, including significant areas like New York and California. (The New York Department of Financial Services has been very vocal in its call for regulation via a proposed ‘BitLicense’.)

Coinbase already offers exchange services in 19 countries overseas, and it said that its work accruing necessary licenses and approvals in the U.S. took five months. The company will only be able to offer services to customers that sign up in states were it is approved, but there are plans to gain approval in further states. The exact legality of bitcoin in the U.S. has been unclear for some time, so Coinbase’s news — and regulatory backing — is a significant mark in the sand.

As for the Coinbase business itself, CEO Brian Armstrong is keen to explore the potential of bitcoin in emerging markets, and wants the company to expand its reach to at least 30 countries overall by the end of 2015.

Supported States By Coinbase

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  • Alabama (AL)
  • Arkansas (AR)
  • California (CA)
  • Delaware (DE)
  • Georgia (GA)
  • Idaho (ID)
  • Illinois (IL)
  • Indiana (IN)

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  • Iowa (IA)
  • Kansas (KS)
  • Massachusetts (MA)
  • Mississippi (MS)
  • Missouri (MO)
  • Montana (MT)
  • New Hampshire (NH)
  • New Jersey (NJ)

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  • New Mexico (NM)
  • New York (NY)
  • North Dakota (ND)
  • Puerto Rico (PR)
  • South Carolina (SC)
  • Washington (WA)
  • West Virginia (WV)
  • Wisconsin (WI)

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Coinbase hopes to have regulatory approval in all states in the next six months, they said.

The company will offer users two first months of fee-free trades, and will take a 0.25% commission fee on all transactions afterwards.

With this occasion Bitcoin Price just hit 300$ . The price will go back to the moon too ?

Enjoy Trading !

Steve

Steve

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