20.06.2025 17:30
Coinbase, a leading American cryptocurrency exchange, has secured a significant milestone in its European expansion. The company has received a Markets in Crypto Assets (MiCA) license from Luxembourg's Commission de Surveillance du Secteur Financier (CSSF), granting it the authority to offer a comprehensive range of cryptocurrency services across all 27 member states of the European Union. This marks a pivotal moment, making Coinbase the first US-based cryptocurrency exchange to obtain this coveted license.
This development signals a strategic shift for Coinbase, as it moves its European headquarters from Ireland to Luxembourg. The company previously established its EU base in Ireland earlier this year, launching a substantial public relations campaign to highlight this move. However, the allure of Luxembourg's robust and forward-thinking regulatory framework, coupled with its reputation as a prominent financial center, ultimately proved more compelling, leading Coinbase to reassess its strategy.
The MiCA license is more than just a regulatory approval; it represents a significant step towards harmonizing the legal landscape for crypto assets across the EU. By establishing a unified framework, the license aims to mitigate risks for consumers and foster greater confidence in the cryptocurrency market, particularly in the wake of several recent industry scandals. This proactive approach reflects Luxembourg's commitment to responsible innovation and its proactive approach to regulating the burgeoning cryptocurrency sector.
Coinbase CEO Brian Armstrong publicly expressed his enthusiasm for this achievement. He emphasized the company's strong commitment to Europe's crypto future, praising Luxembourg's business-friendly environment and considered regulatory approach as instrumental in securing the license. This move underscores Coinbase’s broader strategy of advocating for the responsible growth and development of the cryptocurrency industry across the European continent. The company’s decision, bolstered by Luxembourg's four existing blockchain-related policies, positions it for significant expansion within the EU market. A rival firm, Gemini, is also expected to secure its own EU license soon, highlighting the growing interest and investment in the European cryptocurrency market. The news was announced via a tweet from Coinbase's official account, further showcasing the excitement surrounding this significant achievement.
