Coinbase announced a new regulatory milestone, revealing that cryptocurrency exchanges can secure markets with crypto-decipher licenses and provide services across the European Union.
US-based Coinbase said in a announcement Friday it has obtained a MICA license from the Luxembourg Commission’s Oversight Bureau.
This license allows Crypto Behemoth to expand its range of crypto products to customers in the 27 states that make up the EU.
Hey, howsewhile in Luxembourg. 🇱🇺
We are pleased to secure the market for Crypto Assets (MICA) licenses from CSSF in Luxembourg.
Currently, we are able to provide a range of cryptographic products and services to 450 million people in all 27 European Union member countries. pic.twitter.com/e9zbhy35yq
– Coinbase🛡️ (@coinbase) June 20, 2025
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Coinbase moves its European offices to Luxembourg
MICA is an important development that ensures that exchanges will participate in ensuring MICA NODs to other top crypto platforms and providers. Coinbase, which unveiled its European hub in Ireland in 2023, is now approved as a MICA-compliant provider, joining OKX and Bybit. Luxembourg will become Coinbase’s new EU hub.
The publicly available Crypto Company stated:
“Luxembourg has always been a key player in the European financial ecosystem and we are pleased to share that Coinbase has officially established a European crypto hub in this dynamic country in the market for the Crypto Assets Regulatory Framework.”
Coinbase says that choosing to expand Europe’s presence from its Luxembourg base is consistent with its state support for crypto innovation and its role as the best financial hub. The move also places crypto exchanges in their jurisdiction. “We understand the needs of the crypto industry and are excellent at clarity in regulations.”
While MICA approval in Luxembourg is a major step for Coinbase, it is not the first regulatory victory for the exchange in Europe.
The company’s work with local regulators has already seen secure licenses in Germany, France, Ireland, Italy, the Netherlands and Spain. However, MICA currently offers Coinbase a single regulatory framework for all these jurisdictions.
The MICA rules were fully effective in December 2024, with crypto exchanges and platforms among the things needed to ensure approval. In implementation, some platforms moved to eliminate non-compliant stubcoins.
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