Coinbase, one of the leading crypto exchanges, has announced that it has secured the MiCA license from the CSSF, allowing it to operate across all 27 EU countries.
Coinbase's Success in the EU Market
Coinbase has reached a significant milestone by obtaining the Markets in Crypto Assets (MiCA) license from the Luxembourg Commission de Surveillance du Secteur Financier (CSSF). This allows the exchange to offer its products and services to over 450 million people in EU member states. The company announced this on its official blog and X account.
Luxembourg as a Financial Hub
Luxembourg has established itself as a progressive financial hub that fosters innovation and boasts clear regulatory frameworks. The country actively develops policies related to blockchain and digital technologies, making it an ideal location for hosting crypto services.
Collaboration with European Regulators
In recent years, Coinbase has also been actively working with European regulators and has secured licenses in Germany, France, Ireland, Italy, the Netherlands, and Spain. The acquisition of the MiCA license will allow it to unify these efforts and provide access to safe and regulated crypto services for millions of Europeans.
The acquisition of the MiCA license is a significant step not only for Coinbase but also for the entire crypto industry in Europe, opening new avenues for its development.
