Claim $500Coinbase Expands EU Footprint with MiFID License
Coinbase has announced plans to acquire a MiFID-licensed entity in Cyprus, marking a strategic move to broaden its derivatives offerings across the European Union. This endeavor, pending regulatory approval, aims to enhance Coinbase’s market presence in 2024 significantly.
Coinbase Expansion into the EU Derivatives Market
The initiative to acquire a Markets in Financial Instruments Directive (MiFID) licensed entity aligns with Coinbase’s strategic vision of expanding its product offerings. MiFID, a cornerstone of the EU’s regulatory framework, ensures a harmonized trading environment across the member states.
By integrating this license into its portfolio, the company will be able to offer cryptocurrency-based derivatives to its European clientele, which is currently limited to spot trading within the EU.
Adherence to Rigorous Compliance Standards
Coinbase has emphasized its commitment to regulatory compliance and trust. Consequently, the acquisition process involves obtaining the license and ensuring that the entity adheres to Coinbase’s Five-point Global Compliance Standard.
This comprehensive framework encompasses stringent Anti-Money Laundering (AML) and Know-Your-Customer (KYC) standards, global sanctions enforcement, and robust governance practices. The aim is to set a high compliance and operational integrity benchmark in the rapidly evolving cryptocurrency market.
Navigating Regulatory Pathways
The path to actualizing this acquisition is extensive, with Coinbase needing to navigate through various regulatory approvals. However, the company remains optimistic about this significant step in its growth strategy. By entering the derivatives market, which accounts for a substantial portion of the global crypto market, Coinbase is poised to tap into a new customer base and strengthen its market position.
Read Also: DCG Clears Over $1 Billion in Debt to Creditors, Including Genesis
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Bitcoin Could Rally to $170,000 in 2026 If This Happens: CryptoQuant
- Lighter Team Under Fire After Alleged $7.18M LIT Token Dump Post-Airdrop
- Binance Market Maker Hack: Trader Rakes in $1M via Failed BROCCOLI Price Manipulation
- Breaking: UK Begins New Initiative to Crack Down on Crypto Tax Evasion
- Mark Cuban and Dallas Mavericks Clear Hurdle as Judge Dismisses Crypto Lawsuit
- Shiba Inu Price Eyes a 45% Rebound as Burn Rate Spikes 10,700%
- Expert Predicts Ethereum Price Rebound to $4k as BitMine, Long-Term Holders Buy
- Bitcoin Price Prediction Ahead of FOMC Minutes
- U.S. Government Shutdown Looms: These 3 Crypto Predictions Could Explode
- Grayscale Files for First U.S. Bittensor ETF: Will TAO Price Rally to $300 in January?
- Shiba Inu Price Prediction: Will SHIB Show Golden Cross Signal in 2026?
