Coinbase is set to enhance its European Union derivatives portfolio by acquiring a MiFID II-licensed entity in Cyprus. This move positions Coinbase to offer regulated derivatives like futures and options in the EU, aligning with its Global Compliance Standard.
Derivatives, constituting 75% of total crypto trading volumes for Coinbase, become a focal point in the competitive landscape against players like Binance and Bybit.
This strategic move follows Coinbase’s regulatory navigation, including selecting Ireland as its central hub and obtaining licenses in France.
Coinbase is expanding its derivatives footprint in the European Union through the acquisition of a MiFID II-licensed entity in Cyprus. With the MiFID II license, Coinbase gains the capability to offer regulated derivatives such as futures and options in the EU, complementing its existing spot trading in Bitcoin and other cryptocurrencies.
The acquisition aligns with Coinbase’s “Five-point Global Compliance Standard,” ensuring adherence to AML, KYC, sanctions enforcement, governance best practices, and ongoing monitoring and reporting.
Derivatives constitute a significant portion, 75%, of Coinbase’s total crypto trading volumes, placing it in direct competition with major players like Binance and Bybit. This strategic move follows Coinbase’s regulatory initiatives, including designating Ireland as its central hub and securing licenses in France.