Coinbase Expands EU Presence with Acquisition of Cyprus-based Entity

Coinbase Announces Acquisition of EU License Holder in Cyprus

Coinbase, a major player in the cryptocurrency exchange market, has recently announced its plans to acquire a Cyprus-based entity that holds an EU MiFID license. The acquisition is currently pending regulatory approval and is projected to be completed within the year 2024. This move signifies Coinbase’s strategic efforts to expand its operations in the European market and comply with regulatory frameworks.