Coinbase Receives Approval To Trade Ether and Litecoin in New York
Digital currency exchange Coinbase has just received approval to offer trading of litecoin and ether in New York state.
As a result, the startup has become the first business to provide litecoin trading to customers in New York and just the second to offer ether trading. Almost a year ago, Gemini Trust Company, a digital asset exchange run by Cameron and Tyler Winklevoss, became the first company to provide trading of the ethereum token in the state.
Maria Vullo, superintendent of the state’s Department of Financial Services (DFS), announced the approval of Coinbase’s application to offer ether and litecoin trading yesterday, emphasizing that the department only approved applications for virtual currency charters following painstaking review.
In her statement, Vullo espoused her beliefs surrounding the key role of the state regulatory system, stating: