Coinbase brings a big announcement with the acquisition of multiple companies to help with the legitimacy of cryptocurrencies. The company known as Coinbase has continued to expand the legitimacy of the entire cryptocurrency industry with is regulatory compliant cryptocurrency exchange. Today they released more exciting news about their company. The firm has now acquired a new set of companies to assist in their expansive desires. According to the Coinbase blog, "This step forward is being made possible by our acquisition of a broker-dealer license (B-D), an alternative trading system license (ATS), and a registered investment advisor (RIA) license." With this move, it's sending Coinbase into the leadership arena within the entire cryptocurrency industry. This should help the regulatory body of the SEC and other agencies in the federal government ease into acceptance of this new digital asset classes.Others in the cryptocurrency space are making big moves this year as well. Further on this note, a competitor to Coinbase, Circle also has been diligently working towards a United States license to be cryptocurrency broker. The company has discussed the option of becoming a licensed bank which would allow them to exchange cryptocurrency assets legally in the heavily regulated American markets. Circle CEO Allaire tells Bloomberg: "To hold reserves with the Federal Reserve, to naively access the central-banking system without intermediaries, to directly settle with other banks in other markets around the world through those networks - that can improve the efficiency of what we deliver, it can reduce the costs." We should expect to continue to see acquisitions and companies striving to stay ahead the strict regulatory environment. Those that do this successfully will be at the forefront of the cryptocurrency industry for many years ahead. All of which should bring exciting and positive changes to this nascent industry.