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Coinbase launches first regulated Bitcoin exchange


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The bitcoin payment and web wallet startup Coinbase will launch the first US based licensed bitcoin exchange on Monday.


Coinbase, which recently received more than $75 million in funding, has typically acted as a brokerage service for bitcoin users. It also runs its own processing service which allows merchants to accept bitcoin payments.


However, the San Francisco based company now wants to be able to offer the bitcoin industry “greater security,” with its main goal to “become the world’s largest exchange,” Coinbase chief executive Brian Armstrong told the Wall Street Journal.



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