Coinbase secures MiCA license in Luxembourg, making it EU headquarters

From Cointelegraph

June 20, 2025 2:12:00 pm:

Coinbase obtains MiCA license from Luxembourg’s financial regulatory authority, allowing the exchange to offer crypto products across the EU. Other exchanges, like OKX and Crypto.com in January and Bybit in May, have also secured MiCA licenses. Gemini is reportedly on track to obtain a license in the region.

Luxembourg becomes Coinbase’s new European headquarters due to its progressive financial center status in Western Europe. The country has been advancing crypto regulations since 2019 and has passed multiple blockchain-related policies. Coinbase shares rose 4.95% to $309.92 on the day of the announcement.

In May, Coinbase announced a $2.9 billion deal to acquire options trading platform Derebit. On May 19, the exchange made history by becoming the first crypto company to join the S&P 500 index of the 500 largest publicly traded companies in the US.

MiCA is a regulatory framework in the EU aimed at standardizing crypto industry rules, protecting investors, and enhancing financial stability. It was adopted in May 2023 and fully enforced by December 2024. European investors are increasingly exposed to crypto investments, with utility driving adoption over capital appreciation.

Read more at Cointelegraph: Coinbase Secures MiCA License, to Make Luxembourg EU HQ