Key dealers
- Coinbase received a MICA license from Luxembourg, which enabled crypto services in all EU Member States.
- The license consolidates previous European operations under a regulatory framework.
Coin base announced Friday that it has secured a market in the Crypto -Assets (MICA) license from the Luxembourg Commission de Surveillance du Secteur Financier (CSSF), the country’s main financial supervisory authority, which has the task of monitoring and regulating the financial sector.
With this license, the leading US exchange can now roll out its full portfolio of crypto products and services in all 27 EU countries and unlock access to a potential market of 450 million people, the company says.
Coinbase also anchors its European hub in Luxembourg as part of its Mica compatible growth plan in the EU. The move reinforces the region’s position as a maturity global crypto market with increasing institutional credibility.
Luxembourg has emerged as a strategic choice for Coinbase’s European operations, after approving four blockchain-related policy through its national legislators. The country has adopted a “overall strategy” for blockchain and distributed main book technology, according to Coinbase.
“This new hub represents a landmark step forward for Coinbase in Europe and strengthens the broader innovation ecosystem,” Coinbase said in the announcement.
The company had previously obtained licenses in several European countries, including Germany, France, Ireland, Italy, the Netherlands and Spain.
A number of other major cryptout changes also operate in accordance with Mica, including Bybit, OKX, Crypto.com and Bitstamp. OKX and Crypto.com chose Malta as their European base for Mica licensing, while Bybit chose Austria.
