Will Coinbase be Americas Major Exchange? - page 5.

thegolden24

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Quote from: Melbustus on December 12, 2013, 06:43:08 PM

I can't think of much better to do with a fresh $25M injection than getting full money-transmission licenses in most US states, complete with the surety bond coverage. The regs on that stuff (ie, the time and expense to get proper licensing) is why there's no major US exchange so far.

Thats very true. I believe you have to be licensed in every state you do business in but I think some states are exempt(not many I wanna say 3)

Melbustus

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I can't think of much better to do with a fresh $25M injection than getting full money-transmission licenses in most US states, complete with the surety bond coverage. The regs on that stuff (ie, the time and expense to get proper licensing) is why there's no major US exchange so far.

thegolden24

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Well Coinbase is convient for small amounts but they put limits on the amount of btc you can buy/sell and doesn't really have a trading platform currently(maybe they'll make one). I think the small amount will attract many people who don't have extra cash to make investments but wish to take a gamble that the price of btc will appreciate over time. Also could aid in the expansion of the acceptance of btc in business around the US.

jones31

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Quote from: thegolden24 on December 12, 2013, 05:41:47 PM

With their new funding of 31 million, will Coinbase become the United States Major exchange? Will this start a frenzy among Americans to join the bitcoin craze? How will it effect the speculated value of bitcoin? Will other exchanges emerge and compete? Will more day traders emerge and push up the trading volume? Can this benefit the legitimization of bitcoin? All these questions are swimming through my mind Roll Eyes

Looking at the current USA major exchanges , how it's that a hard task?

thegolden24

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follow me on twitter @BitcoinBender

With their new funding of 31 million, will Coinbase become the United States Major exchange? Will this start a frenzy among Americans to join the bitcoin craze? How will it effect the speculated value of bitcoin? Will other exchanges emerge and compete? Will more day traders emerge and push up the trading volume? Can this benefit the legitimization of bitcoin? All these questions are swimming through my mind Roll Eyes

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