Coinbase announces European expansion plans

Coinbase is set to strengthen its presence in Europe as part of a two-pronged growth strategy.

“In all of these markets, our goal is to launch the Coinbase suite of retail, institutional, and developer products,” said the company in an announcement.”

It added: “The UK is currently the largest international market for Coinbase, and we are excited by the momentum there as we look to grow our business.”

The expansion aims follow the EU’s agreement in Markets in Crypto Assets Regulation (MiCA), designed to deliver the most comprehensive regulatory framework in the world and a single rulebook across 27 countries.

Coinbase said this will provide important legal and regulatory certainty to the market and raise standards across the industry while a harmonised single set of rules for the entire EU will also enable firms to invest, accelerate, and scale their growth efforts across the entire bloc.

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