Coinbase, one of the leading cryptocurrency exchanges based in the United States, has stated that it has chosen Ireland as its European crypto hub.
Coinbase, one of the leading cryptocurrency exchanges based in the United States, has stated that it has chosen Ireland as its European crypto hub in order to comply with the approaching Markets in Crypto-Assets Regulation (MiCA), according to CNBC. Coinbase intends to serve 450 million consumers in 27 European Union countries with a single regulatory framework and national supervisor. The exchange is currently licenced and registered in Ireland, Germany, and other EU member countries.
Coinbase's choice to locate its MiCA hub in Ireland is motivated by the country's welcoming political environment for fintech firms as well as its respected regulatory system. Coinbase has been aggressively growing its services in Europe in the face of regulatory uncertainty and following its legal battle with the SEC earlier this year.
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