Coinbase to Implement BTC Forks Support

According to official statement, in few months exchange will add the feature of Bitcoin hard forks coins withdrawal
06 April 2018   564

The largest American crypto exchange platform Coinbase announced that in the coming months it will provide its users with the opportunity to withdraw coins that appeared as a result of the forks of the bitcoin network.

This change will allow customers to more easily withdraw assets associated with Bitcoin Forks across all Coinbase products. We are not announcing support for any specific assets at this time. As always, we look at technical, operational, and legal considerations when deciding which Bitcoin Fork assets to support and will always state on our website which particular assets are supported.
 

Coinbase Team

The report also says that the platform intends to work on supporting and future forks of bitcoin in the Coinbase Custody service "Custody will likely support more forked assets than GDAX or Coinbase for the foreseeable future"

It is noted that users of GDAX and Coinbase will be able to withdraw coins from the forks of bitcoin, but not to trade them. The trade-oriented service Coinbase Commerce announced in February that it will not support the assets that have emerged as a result of forks. In turn, the Coinbase Index Fund will not add any assets to the listing if they are not available for trading on the GDAX, the report said.

Also, recently Coinbase announced the "Coinbase Ventures" program, designed for start-up support.

We’ll be providing financing to promising early stage companies that have the teams and ideas that can move the space forward in a positive, meaningful way. At least in the beginning, our goal is simply to help the most compelling companies in the space to flourish. 
 

Emilie Choi

Head of Corp & Biz Dev and Biz Ops at Coinbase

Earlier Coinbase announced that in the coming months it will implement the support of the technological standard ERC20. 

Coinbase to Issue New Statement

As reported, company says it was wrong about SEC approval of acquisitions of Keystone Capital Corp., Venovate Marketplace Inc. and Digital Wealth LLC
18 July 2018   119

Vice President of Communications of Coinbase Rachel Horwitz denied the information that the company received approval from the Securities and Exchange Commission of the United States for a deal to buy brokerage companies. This is reported by Bloomberg.

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. The SEC’s approval is not required for the change of control application. 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.
 

Rachel Horwitz

Vice President of Communications, Coinbase

On Monday, a spokesman for Coinbase said that the company received permission from the SEC and the Agency for Regulation of Financial Institutions (FINRA) to purchase Keystone Capital Corp., Venovate Marketplace Inc. and Digital Wealth LLC.

However, despite the refutation from Rachel Horwitz, Coinbase still intends to obtain a license to carry out brokerage activities.