Coinbase plans acquisition to increase derivatives providing in EU

Share This Post


Printed 1 minute earlier on

Coinbase mentioned Friday that it’s within the technique of buying a MiFID-licensed entity to increase its derivatives providing within the EU.

The deal is topic to regulatory approval and will shut later in 2024, it mentioned in a blog post. The title of the corporate, which relies in Cyprus, is unknown.

The license will permit Coinbase to supply cryptocurrency-based derivatives in Europe. The alternate at the moment solely gives spot buying and selling within the EU. 

Including such a license to our worldwide portfolio would additional help the robust curiosity we’ve seen in our derivatives choices and assist us seize extra of the ~75% of the worldwide crypto market claimed by derivatives,” Coinbase mentioned.

The acquisition is topic to regulatory approval and Coinbase has “a protracted street forward earlier than finalizing” it, the corporate added.


Disclaimer: The Block is an unbiased media outlet that delivers information, analysis, and information. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies within the crypto house. Crypto alternate Bitget is an anchor LP for Foresight Ventures. The Block continues to function independently to ship goal, impactful, and well timed details about the crypto business. Listed here are our present financial disclosures.

© 2023 The Block. All Rights Reserved. This text is offered for informational functions solely. It’s not provided or supposed for use as authorized, tax, funding, monetary, or different recommendation.

About Creator

Anna is a senior coverage reporter at The Block. She has a background in political journalism and lined Russian civil society for a variety of reports shops in Moscow, together with the award-winning newspaper Novaya Gazeta. Earlier than becoming a member of The Block, Anna spent the previous 5 years investigating cryptocurrency insurance policies and adoption around the globe at CoinDesk. Anna owns bitcoin and a present NFT of sentimental worth.

Related Posts

After rockets and spacecraft, Rocket Lab’s next frontier could be applications

Rocket Lab is exploring possible applications for a...

Top ML Techniques for Cryptocurrency Traders

Here are the top ML techniques for cryptocurrency...

This German nonprofit is building an open voice assistant that anyone can use

There’s been many attempts at open source AI-powered...

LockBit claims cyberattack on Indian broker Motilal Oswal

The prolific ransomware gang LockBit has claimed responsibility...

Crypto exits remain low but investors remain unfazed

The global venture capital market is enduring a...