Coinbase, the leading cryptocurrency exchange, has provided an update on its global expansion plans. The company has announced that it now offers its services in more than 100 countries and has added additional language support. Coinbase has also expanded its trading services to include more cryptocurrencies, such as Bitcoin Cash, Litecoin, and Ethereum Classic. Additionally, the company has established local subsidiaries in Japan, Ireland, and Australia, expanding its reach to even more regions. These developments signify Coinbase’s commitment to providing a user-friendly and accessible platform for individuals worldwide to access the world of cryptocurrencies.
Coinbase Goes Global: Progress and Achievements in Various Jurisdictions
Coinbase, one of the leading cryptocurrency exchanges, is determined to expand its operations worldwide to enable economic freedom to communities. In line with its mission, Coinbase has chosen to establish its presence as a legalized entity by working closely with regulators. This ensures that services provided by Coinbase are secure and trustworthy for customers, regardless of their location.
As part of its 8-week international expansion drive, Coinbase continues to deepen its market presence for the benefit of its customers. To this end, Coinbase provides regular updates through official blog posts. Customers can now find it more convenient to access the crypto-economy since the launch of Singpass in Singapore. This is complemented with bank transfers to ensure a seamless payment experience.
Coinbase has strengthened its position in Singapore through its partnership with Standard Chartered Bank to provide a trading experience in digital assets. This move by Coinbase brings positives to the crypto industry and has been highlighted in various Coinbase reviews. Integration of Pix with Coinbase has worked wonders in Brazil since it allows customers to top-up their accounts in Brazilian Reals. This has empowered Brazilians to leverage the economic freedom that crypto experiences offer.
Canada is another jurisdiction where Coinbase is actively establishing its presence. By signing the Pre-Registration Undertaking, Coinbase is working closely with policymakers in building a strong crypto economy.
In the UAE, Coinbase is in discussion with the Financial Services Regulatory Authority to obtain a license for regulated exchange. This move is in line with the mission of ADGM in developing a supportive environment for the global market.
Coinbase Bermuda Ltd has been granted a Class F License by the Bermuda Monetary Authority. This regulatory recognition demonstrates Coinbase’s commitment to providing top-notch services.
In the UK alone, about 22% of adults own cryptocurrency, providing a vast market for Coinbase to tap and double its growth in Europe. Coinbase is participating in the UK Fintech Week where its representatives, including Brain Armstrong, are making their presence felt. They are meeting with key stakeholders in the British economy, including Andrew Griffith, the Economic Secretary & City Minister, Bank of England & the Financial Conduct Authority.
The European Parliament’s adoption of the MiCA regulation marks a major milestone for the crypto industry in Europe since it provides clarity in all 27 EU member states. Coinbase is well-positioned to harness the opportunities offered by these developments to provide secure and trustworthy services to its customers worldwide.
In summary, Coinbase is actively expanding its operations worldwide in a bid to empower communities to leverage the economic freedom that cryptocurrencies offer. Customers can be assured of the trusted services provided by Coinbase, which is now a legalized entity in various jurisdictions across the globe.