Digital asset exchange Coinbase is set to become a dominant player in the European market following the announcement of Ireland as its crypto hub in the continent. The exchange unveiled plans on Oct 19 to make the country its operational and regulatory hub within the European Union (EU) as pressure from United States authorities persists. MiCA regulations allow an exchange to offer services to 27 EU member nations through a single license in a member country. The company disclosed its expansion plans for the continent based on the region’s push for regulatory clarity and crypto-friendly policies. Currently, Coinbase is a virtual asset service provider (VASP) in Ireland.
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