Daniel Seifert News

Coinbase Global secured registration with the French markets regulator on Thursday, as it seeks to expand globally under its Go Deep, Go Broad strategy. France's AMF watchdog has given Coinbase virtual asset service provider (VASP) approval, a green light for the company to operate digital currency services. Registration will allow Coinbase to offer its full suite of retail, institutional and ecosystem products and services to users in the country. «Achieving VASP status in France allows us to continue to grow globally in the best possible way, onboarding the next one billion people into crypto, while ensuring consumers' assets are secure and that compliance is prioritized,» said Daniel Seifert, vice president and regional managing director, EMEA, at Coinbase. Coinbase had also said earlier this year it was in discussions with the Financial Services Regulatory Authority in the Abu Dhabi Global Market over a potential license for a regulated exchange.

Bitcoin, the pioneering cryptocurrency, has surged to $44,050, marking over 1.4% increase and signaling a buoyant phase for the crypto industry. This upswing coincides with Coinbase’s strategic expansion, as the company secures a crypto license in France, indicating a broader global outreach. Meanwhile, tech maverick Elon Musk has announced plans for ‘X’ to delve into financial services by mid-2024, potentially reshaping the fintech landscape.

Cryptocurrency wallet firm Conio, partly owned by Poste Italiane and Banca Generali, has partnered with Coinbase to give Italian banks and financial institutions access to digital assets.

The United States-based cryptocurrency exchange Coinbase is strengthening its presence in Europe and has officially announced Ireland as its European crypto hub of choice.

With Coinbase seemingly on the verge of a court battle with the Securities and Exchange Commission (SEC), the firm has emphasized that the U.S. government’s hawkish approach to crypto regulation has “left a vacuum that other countries are eager to fill.’

Coinbase’s new head of Europe says the firm is looking to grow its offering in the UK and Europe, amid regulatory pressure in its home market of the US.

Major US-based cryptocurrency exchange Coinbase has expanded its partnership with German soccer team Borussia Dortmund (BVB) to include advertising in the stadium and promotions on all BVB marketing channels.