Coinbase is a Nasdaq-listed crypto exchange that has received regulatory approval to provide cryptocurrency services in Italy. “Coinbase is committed to bringing the power of our full product suite to customers across Europe,” the company said.
In Italy, Coinbase is approved
Coinbase, the cryptocurrency exchange Coinbase (Nasdaq.COIN), has announced that Monday’s regulatory approval was granted to offer cryptocurrency services in Italy.
The company’s vice president of International and Business Development, Nana Murugesan, explained in a blog post:
Today, we’re able to announce a key milestone … securing approval from Italian regulators to provide ongoing crypto services to its residents.
“The new requirement implemented by the Organismo Agenti e Mediatori (OAM), mandated that all companies offering crypto trading, custody or other services, meet set criteria,” the executive described.
“Coinbase serves customers across almost 40 European countries through dedicated hubs in Ireland, the U.K., and Germany,” Murugesan detailed, emphasizing that “Coinbase is committed to bringing the power of our full product suite to customers across Europe.” The vice president continued:
Our presence in Europe is being strengthened. We have license application or registrations in process in many major markets, in accordance with local regulations.
Murugesan clarified, “In each of these markets, our goal is to grow our customer base by launching the Coinbase suite of retail, institutional, and ecosystem products.”
Coinbase’s European expansion plans were announced last month. Murugesan stated that Coinbase is currently expanding into France, Spain, Spain and the Netherlands.
Although the Nasdaq-listed Crypto Exchange is not the only major trading platform that has been approved by Italian regulators, it is one of many. Binance, another crypto exchange, stated in May it received approval from the Italian regulator to sell crypto products.
Do you have any thoughts about Coinbase being granted regulatory approval to operate crypto services in Italy Please comment below.
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