The largest US-based crypto exchange platform by trading volume is obtaining the proper license to operate in Luxembourg as it establishes a crypto hub in the European Union (EU).
In a new blog post, Coinbase announces that it has secured its Markets in Crypto Assets (MiCA) license from the Luxembourg Commission de Surveillance du Secteur Financier (CSSF), enabling it to operate across all 27 EU member states fully.
“This milestone enables us to offer a full suite of crypto products and services to 450 million people across all 27 European Union member states.
Luxembourg has always been a key player in Europe’s financial ecosystem, and we’re delighted to share that Coinbase is officially establishing its European crypto hub in this dynamic country, under the Markets in Crypto Assets regulatory framework (MiCA).”
According to Coinbase, Luxembourg was chosen because it offers regulatory clarity when it comes to crypto assets, as it has passed four bills in its national legislature related to blockchain technology.
“By choosing Luxembourg, we’re positioning ourselves in a jurisdiction that understands the needs of the crypto industry and excels in regulatory clarity.
Luxembourg is actively pursuing a whole-of-government approach to blockchain and DLT (Distributed Ledger Technology), and has passed four blockchain-related policies through the national legislature. This new hub represents a landmark step forward for Coinbase in Europe and strengthens the broader innovation ecosystem.”
MiCA is a comprehensive regulatory framework that was formally adopted by the European Parliament in 2023 and offers clear guidance on digital assets, stablecoins, crypto wallets, as well as crypto service providers.
Follow us on X, Facebook and Telegram
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
The post Top US-Based Crypto Exchange by Trading Volume Coinbase Obtains MiCA License in Luxembourg, Moves European Hub appeared first on The Daily Hodl.
Spanish 
English