Cryptocurrency exchange Coinbase has been granted approval to operate as a Virtual Asset Service Provider (VASP) in France. This registration allows Coinbase to offer a wide range of products and services to retail, institutional, and ecosystem clients in the country. The approval comes as Coinbase continues to expand its presence in Europe and positions itself as a major player in the crypto industry.

In addition to its VASP registration in France, Coinbase has chosen Ireland as its hub for the European Union’s upcoming MiCA regulation. The exchange cites Ireland’s expertise in financial services and innovative technologies as key factors in this decision. Coinbase aims to work closely with regulators in Ireland, Germany, and other EU member states to fully leverage the potential of the crypto industry.

A recent survey by Toluna reveals that 10% of French adults currently own crypto assets, with an additional 24% planning to engage in crypto activities within the next year. This growing demand for cryptocurrencies aligns with the EU’s regulatory efforts and presents an opportunity for Coinbase to further expand its user base.

With its VASP registration in France, Coinbase is committed to its “Go Deep, Go Broad” strategy, which focuses on international expansion. The exchange has already obtained regulatory approvals in Spain, Bermuda, and Singapore, solidifying its position as a trusted and compliant platform for crypto services.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	Europe
Countries	🇫🇷 🇮🇪 🇩🇪 🇧🇲 🇸🇬
Sentiment	positive
Relevance Score	1
People	Daniel Seifert
Companies	Coinbase, Bermuda Monetary Authority, AMF, Monetary Authority of Singapore (MAS), Circle, Bank of Spain, Toluna
Currencies	None
Securities	None