Coinbase Global, a cryptocurrency exchange, successfully obtained registration from France’s markets regulator, marking a strategic step in its global expansion efforts outlined in its Go Deep, Go Broad strategy.
The AMF watchdog in France granted Coinbase Virtual Asset Service Provider (VASP) approval, giving the exchange the green light to offer digital currency services within the country. This registration enables Coinbase to provide its full range of services, including retail, institutional, and ecosystem products, to users in France.
Daniel Seifert, Coinbase’s Vice President and Regional Managing Director for EMEA, emphasized the significance of achieving VASP status in France, highlighting the company’s commitment to global crypto growth while prioritizing asset security and compliance.
Earlier this year, Coinbase expressed intentions to secure a regulated exchange license through discussions with the Financial Services Regulatory Authority in the Abu Dhabi Global Market.
Focusing on expanding its presence across Europe, Coinbase has been actively broadening its operations in countries like Italy, Spain, and France since the previous year.