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Bitcoin’s ETF could be the first case SEC approves; Coinbase secures $20 bl deal

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Coinbase, which is one of the top exchanges in the world with a value of about $8 billion have achieved great feats. The company recently acquired a $20 billion prime client and got its ads back on Facebook (everyone has as Facebook resumed crypto ads).

The crypto exchange put its intention to work on institutional money and as a result, it launched a custodial service and the Coinbase Prime – these two services specifically target institutions. Both Coinbase Prime and its custodial service are beginning to yield positive returns for Coinbase at the moment.

Furthermore, it is important to know that about $20 billion hedge funds have reportedly been put together to the prime service.  Another enormous hedge funds are possibly on the outlook by Coinbase Prime team to join the prime service later, too.

One of the big problems why institutional money is not invested is due to the lack of a prime brokerage and many institutions don’t want to risk losing their funds left on exchanges. However, Coinbase has gotten a big solution to this and also, the company wants to present a margin finance before the year closes, thus, enabling institutional players to trade effectively.

Facebook Permits Coinbase Ads Once Again

Coinbase has a lot to celebrate this week; one of them is that its ads are back on Facebook. Coinbase CEO Brian Armstrong posted on Twitter:

After Facebook banned adverts concerning cryptocurrencies in January, the social media restructured its policy in June. However, ICOs aren’t still allowed to be featured on the social media.

Bitcoin’s ETF Case to be Approved by SEC Very Soon

Bitcoin’s ETF may be the first file that gets approved by the SEC now. Lately, the number of positive comments have increased due to the second round of opinions disclosed by the SEC on the 27th of June in regards to Bitcoin’s ETF filed by CBOE. In regards to the approval, lots of crypto investors pored on SEC website; one of them said:

Dear CBOE, you need to understand that the whole world wants Bitcoin and Cryptocurrency, in general, to be legalized in the United States and in all parts of the world. ETF is a security and needs to be considered a security by the SEC.”

The same guy further added:

Bitcoin needs regulations and what better way to be officially viewed as a security by the SEC? American institutions need to see the future in Blockchain, Bitcoin, and Cryptocurrencies. The Whole American community asks you to officially allow Bitcoin ETF to be traded.”

ETF is a stock traded on different stock markets that have bonds, stocks, commodities, and so on. ETF is a preferred choice by most investors due to the fact that it has huge daily liquidity and the charges aren’t exorbitant.

Indeed, the influence of CBOE and crypto enthusiasts will see that the United States regulators bring up a great solution. SEC will announce its final decision on the 16th of August; undoubtedly, a favorable and good conclusion by SEC for the approval of ETF will push a bullish run in the market.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Blogs

What Changes May the Crypto Space Experience in 2019

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After the crypto hype of 2017, a lot of newly-arrived crypto enthusiasts were caught off-guard by the price crash and bear market that took over in 2018. One month after another, investors were waiting for things to change, and for another bull run to take place. Unfortunately, this did not happen in 2018, and while the year’s final days were seemingly stable, the rally everyone wanted to see has failed to arrive.

However, crypto investors remain optimistic, with many of them hoping to see some changes arrive in 2019. There are rather great expectations of this year, especially since the last one failed to deliver. However, many are interested in what exactly is to be expected in this year, which is what we will talk about today.

Bitcoin ETF approval

The US SEC’s decision regarding Bitcoin ETFs was one of the most anticipated events throughout 2018. Sadly, the decision constantly got delayed, and the SEC never actually provided an answer. The last delay has pushed the decision into 2019, and it is now expected to arrive on February 27.

Historically, the SEC was never ready to approve Bitcoin ETF, and many believe that the delays came due to the fact that the market was not ready for then in 2018. This is backed by the fact that the SEC rejected multiple application throughout the year. VanEck and SolidX…

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Reasons Why 2019 May Be A Great Year For Crypto

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The new year was always considered to be a time of new beginnings, where people can reflect on the past and learn from their mistakes in order to be better in the future. The same is true for the world of crypto, and investors around the world are hoping for 2019 to be better, more profitable, and to have more success than 2018.

The hope for the future is even more important when we consider all the negative development in 2018. There were numerous high-profile hacking attacks, two market crashes, with a strong bear market in between. Not to mention that some of the biggest projects that may have brightened the year a bit ended up being delayed.

With that in mind, it is understandable why investors are looking forward to the new year and all the potential development that it may bring. In fact, there are several reasons why they should be excited about 2019.

1) Bearish market to loosen its grip

The first reason why 2019 can be a good year digital currencies is that it may finally break free of the bearish grip that has been felt ever since last January. Following the first market crash, the bears settled in, and the prices kept falling for an entire year. The market attempted to shake off the negativity on several occasions, with the biggest one being…

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3 Coins with the Largest Potential in 2019

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2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.

Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.

  1. Bitcoin (BTC)

Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.

One thing that is expected is the approval of Bitcoin ETFs…

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