Coinbase Secures mica License, expands across EU
Coinbase has achieved a meaningful regulatory milestone. The cryptocurrency exchange now holds the Markets in Crypto-Assets (MiCA) license. this license,granted by the Luxembourg Commission de Surveillance du Secteur Financier,allows Coinbase to offer its services throughout the European Union.
With this license, Coinbase can provide a full suite of crypto products to all 27 EU member states.The company’s European office has moved to Luxembourg, a key financial hub. This move aligns with Luxembourg’s support for crypto innovation and regulatory clarity.
Previously,Coinbase had hubs in Ireland. Now, it joins OKX and Bybit as a MiCA-compliant provider. The MiCA rules came into effect in December 2024. It requires crypto platforms to secure approval. Some platforms had to delist non-compliant stablecoins.
Before this, Coinbase secured licenses in several European countries. The MiCA license offers a single regulatory framework across these jurisdictions. This is a major step for the exchange. It positions Coinbase as a leader in the European crypto market.
Choosing Luxembourg as its EU hub shows the country’s role in Europe’s financial ecosystem. The MiCA approval is a major step for Coinbase. It’s not their first regulatory win in europe. They’ve secured licenses in Germany, France, Ireland, Italy, the Netherlands, and Spain. The MiCA license simplifies operations across these countries. It’s a sign of the company’s commitment to regulatory compliance.
Coinbase’s European expansion highlights its dedication to regulatory compliance.It’s a strategic move for the company. It positions them in a jurisdiction that understands crypto needs. This license allows Coinbase to offer services to 450 million people. It’s a testament to their work with local regulators.
For more details, visit Coinbase’s official website.
