Coinbase secures MiCA licence in Luxembourg

Coinbase has announced a new regulatory step, revealing that the exchange of cryptocurrency obtained the markets in Crypto-Astets license, allowing it to offer its services through the European Union.

Coinbase based in the United States said in a announcement Friday that he had acquired the Mica License from the Luxembourg Surveillance Commission for the financial sector.

The license allows the giant crypto to extend its range of cryptographic products to customers of the 27 states that make up the EU.

Coinbase moves the European office in Luxembourg

Mica is a key development that sees the exchange reaching other platforms and superior crypto suppliers to secure the NOD Mica. Coinbase, which revealed its European Center in Ireland In 2023, now joined OKX and Go through Among other things, to obtain approval as a supplier compliant with mica. Luxembourg becomes the new Hub of the EU of Coinbase.

The cryptographic company listed on the stock market has noted:

“Luxembourg has always been a key player in the Europe’s financial ecosystem, and we are delighted to share that Coinbase officially establishes its European crypto center in this dynamic country, under the markets of the regulatory framework of Crypto assets.”

Coinbase says that choosing to extend its European presence from a base in Luxembourg aligns with the country’s support for cryptographic innovation and its high financial role. This decision also positions the exchange of crypto in a jurisdiction “which includes the needs of the cryptographic industry and excels in regulatory clarity”.

Although the Mica approval in Luxembourg is a major step for Coinbase, this is not the first regulatory victory for exchange in Europe.

The work of the company with local regulators has already seen it secure licenses in Germany, France, Ireland, Italy, the Netherlands and Spain. However, Mica now provides Coinbase with a single regulatory framework in all these jurisdictions.

The rules of the mica entered into force in December 2024, with cryptographic exchanges and platforms between those necessary to guarantee approval. The implementation has seen certain platforms pass to Make stablescoins non -compliant.