Coinbase Gets EU MiCA License

Coinbase Secures MiCA License, Accessing the Entire EU Market

Coinbase announced on Friday that it has received a Markets in Crypto-Assets (MiCA) license from Luxembourg's Commission de Surveillance du Secteur Financier (CSSF). This significant development allows Coinbase to offer its full range of crypto services across all 27 EU member states, potentially reaching 450 million people.

Key Implications:

• Full EU Market Access: Coinbase can now provide its complete suite of crypto products and services throughout the EU.
• Consolidated Operations: This single license streamlines Coinbase's European operations under one regulatory framework.
• Luxembourg as European Hub: Coinbase establishes its European headquarters in Luxembourg, a jurisdiction known for its proactive blockchain policies.

Coinbase's choice of Luxembourg highlights the country's commitment to blockchain technology, demonstrated by its four blockchain-related policies. This solidifies Luxembourg's growing reputation as a significant and credible crypto market. Coinbase's announcement emphasized this move as a "landmark step forward for Coinbase in Europe and strengthens the broader innovation ecosystem."

This MiCA license builds upon Coinbase's existing European licenses in Germany, France, Ireland, Italy, the Netherlands, and Spain. Other major exchanges, such as Bybit (Austria), OKX, and Crypto.com (Malta), are also operating under MiCA regulations.

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