From Investing.com:

Coinbase is expanding into the EU derivatives market, with plans to acquire a Cyprus-based entity holding a MiFID II license. This move will enable the company to offer regulated futures and options trading to its customer base. Coinbase is committed to compliance with AML and KYC protocols in the EU’s financial markets.

Coinbase’s expansion into the EU derivatives market highlights its dedication to regulatory standards. The company is focused on adhering to strict AML and KYC protocols, essential for operating within the EU’s financial markets.

In addition to the planned acquisition, Coinbase is striving to secure a Markets in Crypto-Assets (MiCA) license by the end of 2024. This would enhance its capabilities and services in the region. Coinbase already holds a French virtual asset service provider license, showcasing its proactive approach to meeting regulatory requirements across Europe.



Read more: Coinbase targets EU derivatives market with upcoming Cyprus firm acquisition By Investing.com