CoinBase Expands Its Network In Europe With The License It Got From The UK

Coinbase, one of the most prestigious exchanges in the cryptocurrency world, announced that it has obtained an e-money license in the UK. With this development, CoinBase will have the chance to expand its user network to a wider audience in Europe.

One of the largest cryptocurrency exchanges, Coinbase Inc., announced that it has obtained an e-money license in the UK in order to expand its services to Europe.

As per the report of the Financial Times. According to a local subsidiary affiliated with the platform, a local subsidiary has opened an account with Barclays Plc to facilitate customers’ deposits and withdrawals. and will provide the opportunity to issue e-money.

According to the statement made by Coinbase, the rights granted by the Financial Conduct Authority in the UK will be extended to 20 other European Union (EU) countries.

Bloomberg

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