Coinbase is planning a crucial acquisition to launch cryptocurrency derivatives

Niti998

Coinbase is planning a crucial acquisition to launch cryptocurrency derivatives in the European Union.

According to Golden Finance, Coinbase has stated that it is planning a crucial acquisition, intending to purchase an unnamed holding company with a MiFID II license. MiFID II refers to the latest financial instrument regulatory rules in the European Union. With the acquisition of the MiFID II license, Coinbase will be able to offer regulated cryptocurrency derivatives, such as futures, in the EU, in addition to the already provided spot trading of Bitcoin and other cryptocurrencies. The transaction is pending regulatory approval, and Coinbase expects to complete it later in 2024. Coinbase has indicated that it will seek to comply with the strict regulatory standards of the EU, including requirements related to anti-money laundering, customer transparency, and sanctions.

Iravan774

There are also many derivatives available now.

Jiten171

There is a wide variety of derivatives as well.

Kahn332

It's necessary to look into the relevant requirements.

977Iti

There is a new product now.