Coinbase secures EU crypto license, swaps Ireland for Luxembourg
Lionel Bonaventure | Afp | Getty Images
Coinbase has secured a license from Luxembourg to offer crypto services across the European Union and will make the country its central hub in the region.
The U.S. crypto exchange’s main European base has been in Ireland since 2023.
Coinbase said Friday that it obtained its Markets in Crypto Assets (MiCA) license from Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF).
MiCA is a sweeping regulation that aims to create a harmonized legal framework for crypto across all 27 EU member states. The rules, which came fully into force late last year, also aim to reduce risks for consumers buying crypto assets following a series of scandals in the sector.
It makes Coinbase the first U.S. crypto…
