Largest US cryptocurrency exchange Coinbase scores yet another document that allows its operations overseas
The new registration allows the exchange to deliver the standard range of virtual asset services. Namely, Coinbase is now authorized to offer custody and trading of cryptocurrency assets as well as buying or selling crypto assets in legal tender.
Murugesan stressed the importance of the new market for his platform and outlined that scoring the Spain VASP license is aligned with the company's long-term values:We are excited to have achieved this registration from the Bank of Spain to support and grow our retail consumers, institutional clients and developer partners in Spain.
Earlier, Coinbase obtained VASP registrations in Italy, Ireland and the Netherlands, principal approval by Singapore's MAS. Also, it started offering services in Canada and Brazil. Despite the positive announcement, COIN stocks are changing hands at a three-month low at $70.96 on NASDAQ.Scoring an EU license is a critically important step for a modern centralized cryptocurrency service. As regulators are cracking down on exchanges, platforms might be looking for less hostile jurisdictions.a new business entity regulated by the Bermuda Monetary Authority. This arm is only offering services for non-U.S. clients of Coinbase.
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