The Wall Street Journal: Crypto exchange Coinbase acquires securities dealer Keystone Capital

Coinbase, one of the leading cryptocurrency and bitcoin businesses, is acquiring a securities dealer that the company hopes will allow it to expand into the red-hot coin-offerings market.

The San Francisco-based firm said it is acquiring Keystone Capital Corp., a Cardiff, Calif.-based financial-services firm. Keystone is a Finra-registered broker-dealer, and it has licenses to operate as a registered investment adviser, as well as to run an alternative trading system, or ATS. Terms of the deal weren’t disclosed.

For Coinbase, which currently trades just a handful of the largest cryptocurrencies, acquiring those licenses could open up new business opportunities and allow it to market its services to more institutional businesses.

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