Coinbase is planning a pivotal acquisition that will allow it to launch crypto derivatives in the EU

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Coinbase is planning a pivotal acquisition that will allow it to launch crypto derivatives in the EU

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Tracy D'souza cnbc

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Jan 8, 2024 0 min read

This article is syndicated from a third-party source. Read the original on the publisher's site.

Originally published at cnbc

Coinbase plans to offer crypto-linked derivatives in the European Union, and it’s planning to acquire a company with a license to do so. The U.S. cryptocurrency exchange told CNBC exclusively that it agreed to buy an unnamed holding company that owns a MiFID II license. MiFID II refers to the EU’s updated rules governing financial instruments. The EU updated the legislation in 2017 to address criticism that it was too focused on stocks and didn’t consider other asset classes, like fixed income, derivatives, and currencies. It’s part of a long-standing ambition by Coinbase to serve professional and institutional customers.

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Original article: cnbc

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Coinbase is planning a pivotal acquisition that will allow it to launch crypto derivatives in the EU

Coinbase is planning a pivotal acquisition that will allow it to launch crypto derivatives in the EU

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