Coinbase Expands In Europe And Gains A Coveted E-Money License
Coinbase is the leading crypto exchange in the US. The platform was recently in the spotlight after it’s been reported that they might acquire Omni, which is a platform that uses XRP.
This firm allows neighbors to find and rent items from each other by searching for specific keywords or categories.
This service delivers items locally, and it also allows users to earn money when their items are rented.
Coinbase boosts its expansion plans in Europe
Now, Coinbase scored a massive achievement that will be able to boost its expansion plans in Europe.
The regulators from Central Bank of Ireland have granted the San Francisco-based exchange an e-money license and this makes it one of only a few firms in the crypto space that managed to get such an approval.
According to the company, the latest milestone will be allowing it to expand its operations in Ireland and across the growing markets.
Coinbase had first stepped in Ireland at the end of the past year when it also opened a new office in Dublin.
Just in case you don’t know this, Dublin Is a hotspot in the growing European digital economy.
The official announcement reveals the following:
“[The approval from the Central Bank of Ireland] will also allow us to secure passporting for our customers across the EU and EEA.”
The notes continue and detail that “We are committed to ensuring that our customers have the same safeguarding and security as any regulated financial institution, and the approval of a second European regulatory authority demonstrates our position as the world’s most trusted cryptocurrency platform.”
Coinbase and Kraken introduce a new rating system
In other news, crypto exchanges Coinbase and Kraken introduced a new rating system.
This is a new points-based rating system that will be suggesting whether cryptos are subject to the US securities laws, according to the latest reports coming from the Daily Hodl.
Coinbase is a digital currency exchange headquartered in San Francisco, California.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.