Term Sheet — Thursday, June 7

BUYING LEGITIMACY

Good morning, Term Sheet readers.

U.S. cryptocurrency exchange Coinbase will acquire a firm that owns Keystone Capital Corp., Venovate Marketplace, and Digital Wealth, in a bid to become a fully SEC-regulated broker dealer. Keystone Capital, a Cardiff, Calif.-based financial services firm, is a FINRA-registered broker-dealer, and it has licenses to operate as a registered investment adviser, as well as to run an alternative trading system.

Financial terms weren't...

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