Coinbase, the biggest US crypto exchange, has gotten the green light to operate across the entire European Union. They’ve received their Markets in Crypto Assets (MiCA) license from Luxembourg.
Luxembourg: The Perfect Fit
Coinbase chose Luxembourg for its clear crypto regulations. The country has passed several laws supporting blockchain technology, making it an attractive location for crypto businesses. This makes Luxembourg an ideal base for Coinbase’s new European hub. The company sees this as a major step forward for its European operations and the overall crypto innovation scene.
What is MiCA?
MiCA, or Markets in Crypto Assets, is a new EU law that sets clear rules for cryptocurrencies, stablecoins, and crypto service providers. It gives businesses like Coinbase a framework to operate legally and transparently within the EU. This license allows Coinbase to offer its full range of services to the EU’s 450 million people.
Coinbase’s European Expansion
With the MiCA license secured, Coinbase is now fully operational across all 27 EU member states. This move significantly expands their reach and strengthens their position in the global crypto market.
