Coinbase has received approval from New York regulators to create a qualified cryptocurrency unit.
The New York Department of Financial Services (NYDFS) announced on Tuesday that it accepted an application from Coinbase to open Coinbase Custody Trust Complany LLC. It also approved Coinbase Trust to provide deposit services for Bitcoin (BTC), Bitcoin Cash, Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC) and XRP.
Although Coinbase has already allowed its customers to buy and sell first 5 above-mentioned cryptocurrencies, it does not offer XRP on any of its trading platforms.
Other important news from the Cryptocurrency world and Blockchain
We wrote earlier that Coinbase will open its office in Dublin.
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