Coinbase gets all-clear from SEC, setting stage for landmark crypto listing

Coinbase Global Inc, the largest US cryptocurrency exchange, has received approval from regulators to list its shares on the Nasdaq, paving the way for a landmark victory for cryptocurrency advocates.

The decision from the US Securities and Exchange Commission (SEC) is another boost to the legitimacy of digital currencies, which are rapidly gaining acceptance from the mainstream financial services industry.

Earlier this week, Visa said it would allow the use of the cryptocurrency USD Coin to settle transactions on its payment network, while PayPal started allowing US consumers to use their cryptocurrency holdings to pay its millions of global online merchants.