Coinbase has secured its Markets in Crypto Assets (MiCA) licence from the Luxembourg Commission de Surveillance du Secteur Financier (CSSF), enabling it to offer its full suite of crypto products to all 27 EU member states.

Coinbase is officially establishing its European crypto hub in Luxembourg, under the Markets in Crypto Assets regulatory framework (MiCA).

Coinbase commented:

“Luxembourg has long been a forward-thinking financial hub, demonstrating an unwavering commitment to fostering innovation. By choosing Luxembourg, we’re positioning ourselves in a jurisdiction that understands the needs of the crypto industry and excels in regulatory clarity”.

Over the past few years, Coinbase has worked closely with regulators across Europe, securing licences in Germany, France, Ireland, Italy, The Netherlands and Spain.