Coinbase Boosts EU Derivatives Presence with Cyprus Acquisition

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.

Disclaimer: The information provided in this article is for educational and informational purposes only. It should not be considered financial advice from Cryptozi or any other entity. We want to emphasize that if readers use the content or services mentioned in this article, Cryptozi is not responsible for any resulting losses. Therefore, it is strongly advised to exercise caution and consult with financial professionals before making any financial decisions that could impact your financial situation.

Lastest

Coinbase Commerce Faces Backlash for Dropping Dogecoin Support

Coinbase Commerce discontinues support for native Bitcoin, Dogecoin,...

Digitex Futures Exchange CEO Faces US Charges for Bank Secrecy Act Violation

Adam Todd Indicted: CEO of Digitex Futures Exchange,...

Forbes Establishes Permanent Metaverse Presence with ‘Luxurious Pool’ and ‘Elegant Bar’

Forbes enters the metaverse with a permanent presence...

Virginia Senate Proposes $39K Annual Fund for Crypto and AI Commissions

Virginia Senate Proposal: Allocates $39,240 yearly for Blockchain...

Subscribe

spot_img

Related

Coinbase Commerce Faces Backlash for Dropping Dogecoin Support

Coinbase Commerce discontinues support for native Bitcoin, Dogecoin,...

Digitex Futures Exchange CEO Faces US Charges for Bank Secrecy Act Violation

Adam Todd Indicted: CEO of Digitex Futures Exchange,...

Forbes Establishes Permanent Metaverse Presence with ‘Luxurious Pool’ and ‘Elegant Bar’

Forbes enters the metaverse with a permanent presence...

Virginia Senate Proposes $39K Annual Fund for Crypto and AI Commissions

Virginia Senate Proposal: Allocates $39,240 yearly for Blockchain...

Cryptocurrency Exchange Fixedfloat Suffers $26 Million Hack in BTC and ETH

Automatic Exchange Hacked: Fixedfloat, a centralized cryptocurrency exchange,...
spot_imgspot_img

Coinbase Commerce Faces Backlash for Dropping Dogecoin Support

Coinbase Commerce discontinues support for native Bitcoin, Dogecoin, and Litecoin payments. Product lead Lauren Dowling cites consumer demand for an on-chain payments protocol...

Digitex Futures Exchange CEO Faces US Charges for Bank Secrecy Act Violation

Adam Todd Indicted: CEO of Digitex Futures Exchange, Adam Todd, charged with violating the Bank Secrecy Act. Illegal Operation: Allegations of illegally operating...

Forbes Establishes Permanent Metaverse Presence with ‘Luxurious Pool’ and ‘Elegant Bar’

Forbes enters the metaverse with a permanent presence on the Sandbox platform. The virtual experience boasts a luxurious pool, elegant bar, and a...