Coinbase Expands In More European Countries

It seems that Coinbase has big plans for Europe. One of the most important digital asset exchanges seems to be planning to expand on the continent. Check out the latest reports about the crypto exchange below.

Top US-based crypto exchange platform Coinbase is looking to expand – it seems that the firm plans to expand its services into four European nations.

In a new company blog post, the crypto exchange says it’s ramping up its expansion efforts by venturing into France, Italy, Spain, and the Netherlands. It’s also important to note the fact that this is happening after already gaining a foothold in the UK, Ireland, and Germany.

“As part of our recently announced two-pronged growth strategy, we are driving a concerted effort to strengthen our presence in Europe…”

The same notes reveal the following:

“We’re already on the ground in the UK, Ireland and Germany. Additionally, we are in the process of expanding in France, Italy, Spain, and the Netherlands. In all of these markets, our goal is to launch the Coinbase suite of retail, institutional, and developer products.”

Recently, the European Union (EU) passed a landmark agreement known as the Markets in Crypto Assets Regulation (MiCA). This will take place in order to create a sweeping crypto regulation rulebook for the 27 countries within its jurisdiction.

“This will provide important legal and regulatory certainty to the market, and raise standards across the industry. This is exciting – a harmonized single set of rules for the entire EU will enable us to invest, accelerate and scale our growth efforts across the entire bloc.”

More than that, it’s been also revealed that “the EU took a major step forward by reaching a sensible deal for implementation of the Travel Rule to tackle financial crimes and the transfer of illicit funds.”