Coinbase selects Ireland as its European web 3.0 crypto hub.
Coinbase selects Ireland as its European crypto hub

Coinbase Strengthens Presence in Europe

Coinbase, a United States-based cryptocurrency exchange, is increasing its presence in Europe and has officially declared Ireland as its main European crypto hub.

The firm revealed to Cointelegraph on October 19 that Ireland was chosen as the EU entity location in accordance with the Markets in Crypto-Assets Regulation (MiCA), a major European cryptocurrency regulatory framework.

Coinbase stated in the announcement that MiCA, which is expected to be implemented in late 2024, will enable the firm to serve one of the largest economies in the world, with 450 million people across 27 countries, under one regulatory framework and with one national supervisor.

At present, Coinbase holds an e-money institution license and virtual asset service provider (VASP) registration in Ireland, a crypto license in Germany, and a number of national registrations in other member states across the EU.

“We are thrilled to choose Ireland as our MiCA hub. Ireland is renowned for its supportive political environment for FinTech businesses, as well as its highly regarded regulator,” said Daniel Seifert, Coinbase EMEA vice president and regional managing director. He went on to say:

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