Users can turn traditional assets and currencies into tokens, which can then be transferred to other users of the platform.
Last week, the exchange said it had received approval from the U.S. Securities and Exchange Commission to list on the Nasdaq, marking a tacit regulatory approval for the cryptocurrencies traded on its platform and a victory for advocates of digital currencies.
Coinbase was valued at around $68 billion in the private market, thanks to a surge in mainstream acceptance of Bitcoin, the world’s largest virtual currency.
(This story corrects typo in paragraph 1)
(Reporting by Niket Nishant in Bengaluru; Editing by Arun Koyyur)