Coinbase to launch regulated Bitcoin exchange Monday

Coin Desk reported that Coinbase will be rolling out a regulated Bitcoin exchange that has been approved by half of the nation’s state regulators. The Winklevoss  Twins announced on Friday that they plan to start a regulated Bitcoin exchange called Gemini, which they are financing out of their own pockets. They will only be dealing with American banks.

From the article:

Coinbase has until now acted largely as a brokerage for bitcoin users. By expanding into this new vertical the company will be able to “offer greater security for individuals and institutions to trade bitcoin and monitor real-time pricing of the cryptocurrency”, the company told the Wall Street Journal.

The company began maintaining balances in USD with instant bitcoin purchases for customers in select US jurisdictions in December. Prior to that, US customers had to either wait days to acquire bitcoin or enable the ‘instant buy’ feature by linking a credit card to their accounts.

Coinbase operates its other services in 18 European markets in- and outside the eurozone and European Union, with varying degrees of bitcoin exchange limits.

Read the full article on Coin Desk