Crypto exchanges are expanding their services

These moves should help the crypto exchanges remain relevant in an increasingly difficult space. With cryptocurrencies failing to remain at the highs they saw at the end of 2017, many investors are likely a bit more wary when it comes to the assets. Therefore, rolling out more services and supporting a larger variety of cryptocurrencies is likely wise of these companies.

However, Coinbase’s approach may prove the path of least resistance, as leveraging Keystone’s license is likely to be far easier than applying to become a registered brokerage. It also remains to be seen whether Circle will be granted a banking license, as none have been given out to fintech players so far, and regulators will probably be even more skeptical of crypto companies.