News

Breaking: Coinbase Gets Registration From Bank Of Spain Amid FTX Europe Acquisition Talks

Coinbase obtains cryptocurrency exchange and custodian wallet provider registration with the Bank of Spain as part of expansion strategy.
Published by
Breaking: Coinbase Gets Registration From Bank Of Spain Amid FTX Europe Acquisition Talks

Crypto exchange Coinbase announces obtaining cryptocurrency exchange and custodian wallet provider registration with Bank of Spain. It will help Coinbase grow its retail consumers, institutional clients, and developer partners in Spain as part of Phase II of “Go Broad, Go Deep” strategy for international expansion. The move comes amid talks to acquire FTX Europe.

Advertisement

Coinbase Receives Bank of Spain Registration

Coinbase in a blog post on late September 23 announced AML registration as a cryptocurrency exchange and custodian wallet provider with the Bank of Spain. It enables Coinbase to provide a full suite of products and services to retail and institutional users in the country.

Nana Murugesan, Vice President of International and Business Development at Coinbase, said:

“We are excited to have achieved this registration from the Bank of Spain to support and grow our retail consumers, institutional clients and developer partners in Spain. Most of the world is stepping up to the plate and providing clarity and guidance for the crypto industry.”

Users will now have access to crypto assets custody, buy and sell crypto assets in fiat currency, and trade any crypto against other cryptocurrencies.

Crypto payment is the second most used method in Spain. Bitnovo’s study showed that 60.7% of Spanish citizens agree to buy cryptocurrencies for long-term investments and 35.7% to make payments.

Last year, Coinbase obtained VASP registrations in Italy, Ireland, and the Netherlands. It also received in-principle approval and expanded in Singapore, Brazil, and most recently Canada.

The MiCA in the EU represents a pivotal moment for the crypto industry in the region. The regulatory clarity MiCA provides is welcomed by the industry. The policymakers are recognizing the potential of this emerging technology.

Coinbase is interested in acquiring FTX Europe to expand its derivatives business in the region, giving the exchange

Read More: Coinbase and Crypto.com In Talks to Acquire Bankrupt FTX Europe

Advertisement

Crypto Moves to Europe Amid Crypto Crackdown in the US

Crypto leaders such as Ripple, Galaxy Digital, and Coinbase are moving towards Europe amid the stringent regulatory conditions and crypto crackdown in the US. Mike Novogratz’s Galaxy Digital recently announced increasing its Europe’s expansion plans with new hiring. Ripple CEO Brad Garlinghouse also revealed hiring in the UK and other European countries.

Coinbase presently fights against the U.S. Securities and Exchange Commission for regulatory clarity and crypto regulations in the U.S.

Also Read:

Advertisement

Share
Varinder Singh

Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and 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.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • News

Standard Chartered Predicts Bitcoin Could Drop Below $100K Amid U.S.–China Trade Tensions

Standard Chartered analyst Geoff Kendrick has predicted that the Bitcoin price could suffer a significant…

October 22, 2025
  • News

Rising Demand for Verifiable Crypto Ownership Drives Launch of Trezor Safe 7

Crypto ownership is a topic that has been discussed across major forums globally in the…

October 22, 2025
  • News

Robinhood Lists Binance Coin as BNB Outperforms BTC, ETH, SOL YTD By Over 30%

Crypto exchange Robinhood has listed the Binance coin for spot trading for its U.S. customers.…

October 22, 2025
  • News

Bitget Partners With Google Developer Group On Hackathon To Support AI Innovation

Bitget, a leading crypto exchange in the world, has joined forces with Google Developer Group…

October 22, 2025
  • News

Can Cardano Save Kadena? Hoskinson Reaches Out After KDA Token Plunges 60% Amid Shutdown

Kadena has announced it was shutting down operations, sending its KDA price into a freefall.…

October 22, 2025
  • News

Analyst Turn Bullish with $400 SOL Target as Hong Kong Approves First-Ever Solana ETF in Asia

Hong Kong has officially approved the region’s first-ever Solana ETF in Asia. This comes as…

October 22, 2025