Key Metrics
17.11
Heat Index-
Impact LevelMedium
-
Scope LevelRegional
-
Last Update2025-08-13
Key Impacts
Positive Impacts (7)
Negative Impacts (1)
Event Overview
Coinbase, a U.S.-based cryptocurrency exchange, has secured a Markets in Crypto Assets (MiCA) license from Luxembourg's financial regulator, CSSF. This license, granted on Friday, enables Coinbase to operate across all 27 EU member states under a unified regulatory framework. The company will relocate its European hub from Ireland to Luxembourg, citing the latter's favorable business environment. Coinbase is the first U.S. crypto exchange to receive this license, aligning with its expansion strategy in Europe.
Collect Records
Coinbase Secures MiCA License in Luxembourg, Shifts EU Hub from Ireland
Coinbase, the U.S.-based cryptocurrency exchange, has secured a Markets in Crypto Assets (MiCA) license from Luxembourg's Commission de Surveillance du Secteur Financier (CSSF), marking a significant milestone in its European operations. The license, obtained on Friday, allows Coinbase to offer crypto services across all 27 European Union member states under a harmonized regulatory framework. This makes Coinbase the first U.S. crypto exchange to receive a MiCA license. The company has also announced its decision to relocate its main European hub from Ireland to Luxembourg, citing the latter's pro-business climate and thoughtful regulatory approach. The move comes as part of Coinbase's broader strategy to expand its presence in Europe, with CEO Brian Armstrong stating, 'Coinbase is all in on Europe, and we're advocating for crypto's future across the continent.' The MiCA regulations, which came into full force late last year, aim to reduce consumer risks in the crypto sector following a series of scandals. Meanwhile, rival firm Gemini, owned by the Winklevoss twins, is expected to secure its own MiCA license soon, with Malta as its chosen hub.