Coinbase gets nod from Dutch central bank for crypto service

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Coin­base, one of the world’s largest cryp­tocur­ren­cy exchanges, has obtained reg­u­la­to­ry approval in the Nether­lands, as the U.S.-based exchange looks to expand its pres­ence globally.

See relat­ed arti­cle: Coin­base hit with law­suit over alleged­ly poor security

Fast facts

  • Coin­base said on Thurs­day in a state­ment that it has reg­is­tered with De Ned­er­land­sche Bank, the cen­tral bank of the Nether­lands, as a cryp­to ser­vice provider.
  • The reg­is­tra­tion allows it to offer its full suite of retail, insti­tu­tion­al and ecosys­tem prod­ucts to cus­tomers in the coun­try, the exchange said.
  • “The Nether­lands is a crit­i­cal inter­na­tion­al mar­ket for cryp­to, and I am real­ly excit­ed for Coin­base to bring the poten­tial of the cryp­to econ­o­my to the mar­ket here,” Nana Muruge­san, vice pres­i­dent of inter­na­tion­al and busi­ness devel­op­ment of Coin­base, said in the statement.
  • Coin­base added that oth­er reg­is­tra­tions or license appli­ca­tions are in progress in sev­er­al major markets.
  • Binance, the world’s largest cryp­to exchange, is also active­ly expand­ing in Europe, and has received reg­u­la­to­ry approval to offer cryp­to-relat­ed ser­vices in France, Italy and Spain.

See relat­ed arti­cle: Coin­base under inves­ti­ga­tion by SEC, quar­ter­ly report reveals

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