#CoinbaseExpansion #VASPLicense #CryptoNews #EuropeanCryptoMarket #FrenchCryptoRegulations #CryptoTrading #BlockchainTechnology #ComplianceInCrypto
Coinbase, a leading cryptocurrency exchange, has lately taken significant steps to extend its operations into the European markets. It has recently acquired a virtual asset service provider (VASP) license from the Financial Markets Authority (AMF) of France. This achievement makes Coinbase a recognized and complaisant player in the French financial industry, broadening their presence in key global marketplaces. According to trading volume data, CoinGecko places Coinbase as the third-largest cryptocurrency exchange, trailing only Bybit and Binance which also holds similar registrations.
As part of the benefits of the VASP registration, Coinbase will be able to provide digital asset custody, trade digital assets against other digital assets, and even run a digital asset trading platform, as stated in a recent company release. This move further asserts Coinbase’s dedication to adhering to legal requirements. Even though the company faces some challenges with the US Securities and Exchange Commission about specific regulations in the US, Coinbase has expressed its firm intent to secure regulation in countries holding established legal frameworks governing cryptocurrency. As Daniel Seifert, vice president and regional managing director, EMEA, at Coinbase, said, achieving the VASP status will allow the company to effectively grow globally while prioritizing secure asset management and compliance.
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