Coinbase Secures MiCA License in Luxembourg to Operate Across Europe
Coinbase has successfully obtained the Markets in Crypto Assets license from Luxembourg, allowing it to provide services throughout the European Economic Area.
Highlights
- Coinbase, a major cryptocurrency exchange, has secured a Markets in Crypto Assets (MiCA) license from Luxembourg.
- The license enables Coinbase to operate across the 30 countries in the European Economic Area.
This decision aligns Coinbase alongside other significant exchanges that have also received MiCA licenses recently. For instance, Bybit acquired its MiCA license from Austria, while OKX and Crypto.com were granted theirs by Malta.
Although the MiCA license allows for operations in the EU, nations are in competition to attract leading crypto firms. Coinbase has expressed confidence in Luxembourg’s commitment to fostering a robust financial ecosystem.
“Luxembourg has always been a key player in Europe’s financial ecosystem, and we’re excited to announce the establishment of Coinbase’s European crypto hub in this vibrant country, under the MiCA framework,” said Coinbase representatives.
Luxembourg has implemented four related blockchain regulations, positioning itself as a supportive environment for digital asset businesses.
