Crypto Exchange Coinbase Receives License to Operate in Bermuda

Coinbase (COIN) has obtained a license to offer its services in Bermuda as part of its international expansion efforts, the firm announced in a blog post on Wednesday. The US crypto exchange received a Class F license from the Bermuda Monetary Authority (BMA), which allows the company to operate as a digital asset exchange in that territory. The news comes two days after Coinbase CEO Brian Armstrong indicated the US based exchange would consider leaving the US if clear crypto regulation isn't enacted. In March the exchange was reportedly in discussions with institutional clients about setting up a crypto-trading platform overseas.

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