Coinbase, one of the largest cryptocurrency exchanges, has obtained virtual asset service provider (VASP) status in France, allowing it to expand its operations in Europe. The company has registered with France’s Autorité des marchés financiers (AMF) and can now offer retail and institutional services, including crypto custody, crypto-to-crypto trading, and buying and selling crypto for cash. This move is part of Coinbase’s global expansion strategy, as it aims to onboard more people into the world of crypto while prioritizing security and compliance.
In addition to its expansion in France, Coinbase has been making strides in other regions. It recently expanded its services to Canada, obtained an AML license in Spain, and selected Ireland as its hub for compliance with the EU’s Markets in Crypto-Assets Regulation (MiCA) rules. Coinbase’s international arm, Coinbase International, also launched spot trading services. With $2.6 billion in trading volume over the past 24 hours, Coinbase continues to solidify its position as a leading player in the crypto market.
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Europe |
| Countries | 🇫🇷 🇪🇸 🇮🇪 |
| Sentiment | very positive |
| Relevance Score | 1 |
| People | Daniel Seifert |
| Companies | EU’s Markets in Crypto-Assets Regulation (MiCA), Autorité des marchés financiers (AMF), CoinGecko, Coinbase |
| Currencies | None |
| Securities | None |
