U.S.-based Coinbase has reached a significant milestone by securing the MiCA license, allowing it to offer services across the European Union.
Acquisition of MiCA License
Coinbase announced the acquisition of the Markets in Crypto-Assets (MiCA) license from the Luxembourg Commission de Surveillance du Secteur Financier. This license allows the exchange to expand its range of crypto products to customers across 27 EU states.
Office Move to Luxembourg
With the MiCA license approval, Coinbase has announced the establishment of its European hub in Luxembourg. The company noted that Luxembourg is a key player in Europe's financial ecosystem and supports innovation in cryptocurrency.
Role of MiCA in the European Crypto Market
With the MiCA approval, Coinbase joins a collection of other major platforms in securing regulatory compliance under the new framework. This also enables the exchange to operate under a single regulatory regime across all EU countries.
The acquisition of the MiCA license marks a significant step for Coinbase, allowing it to expand its operations in Europe and harmonize its services under a unified regulatory standard.
