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Coinbase, one of the world's leading crypto-money exchanges, achieved something that could greatly benefit the ecosystem. Coinbase recently received approval from the New York authorities to maintain crypto money. The stock exchange is expected to establish a company to carry out its business.

The New York Financial Services Department (NYDFS) approved on Tuesday (October 23rd) the application Coinbase made to establish a company under the name of "Coinbase Securing Almighty Company LLC". Coinbase's new company will be able to offer casing services for Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin and XRP.

As is known, the Coinbase crypto money exchange allows its users to trade on the platform with five of the aforementioned assets. Although Coinbase does not allow XRP transactions on any trading platform, this service, which is claimed to be offered by the new company, attracted attention.

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Asif Hirji, one of Coinbase's authorized names, was unable to fit this move by NYDFS to the sky and praised the board. According to Hirji, the regulatory board shows that it is a “strong supporter sektör for the esi growth of the crypto-money sector Hir.

According to most experts, one of the obstacles that the crypto money market is facing is a to conservation kr problem. Recently, however, startups, such as BitGo, Northern Honor, Prime Honor, have been able to obtain approval from regulatory agencies to provide custody services. Coinbase, one of the largest crypto money exchanges in the world, is now included in this list.