The exchange secured regulatory approval under MiCA rules, positioning itself for broader EU market access ahead of the deadline.
Coinbase (COIN) has received a Markets in Crypto-Assets (MiCA) license by establishing its European Union headquarters in Luxembourg. The move grants the exchange regulatory clearance before the bloc’s MiCA framework takes full effect later this year.
The approval follows months of preparation as crypto firms race to comply with EU-wide rules. Luxembourg, a key financial hub, was chosen for its favorable regulatory environment. The license allows Coinbase to operate across all 27 EU member states under a single regulatory framework.
The exchange’s chief policy officer opened the Luxembourg office alongside local officials, signaling strong government support. No immediate market reaction was reported.