Coinbase is Safe Luxembourg Commission Day Surveillance du Sector Financers from a market of Crypto-assets (MICA) license, which enables the exchange to offer Crypto products in European Union countries.
The move reflects the increasing competition in the European Crypto market, where other exchanges are also chasing registration. Okx and crypto.com Safety asbestos license In January, after this bibit In MayGemini Also on track to obtain licenses in the areaAccording to a Reuters report.
The Coinbase has nominated Luxembourg as its new European headquarters, citing the country’s reputation as a Progressive Financial Center in Western Europe. On the border of Belgium, France and Germany, the country has been slowly pushing the Crypto rules since 2019.
“Luxembourg is actively pursuing an entire government’s approach to blockchain and DLT, and passed four blockchain-related policies through the National Legislature,” the Coinbase said.
At the time of this writing, Coinbase’s share is 4.95% above the announcement, which increased from $ 295.29 to $ 309.92 on Thursday, According For Google Finance.
In May, Coinbase announced a deal Option trading platform to receive derebit For $ 2.9 billion. On May 19, Exchange S&P became the first crypto company to join 500An index of 500 largest public trading companies in the United States.
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Crypto investment is increasing in Europe
Asbestos is a regulatory structure It wants to standardize the rules for the Crypto industry within the European Union, protects the crypto investors and enhances financial stability. It was adopted in May 2023 and came in full enforcement in December 2024.
Crypto investment in Europe is increasing, estimated 10% -20% with European investors Some risks for the newborn industry,
Utility is emerging as a major driver of crypto adoption instead of capital praise only 70% of crypto payment Going into retail, food and beverages. Use of crypto on decentralized finance applications Eastern Europe is also growing,
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