Coinbase has secured a Markets in Crypto Assets (MiCA) license from Luxembourg’s financial regulator, enabling the exchange to offer crypto services across all 27 European Union member states.

The license was granted by the Commission de Surveillance du Secteur Financier (CSSF), making Luxembourg Coinbase's official crypto hub for the region. The move allows the U.S.-based exchange to consolidate its European operations under a single regulatory framework.

Luxembourg Becomes Strategic Base for Coinbase in EU

The MiCA license enables Coinbase to roll out its full range of crypto products and services across the EU’s single market. The company described the development as a “pivotal moment” in its European strategy, giving it access to over 450 million people under a unified compliance regime.

Coinbase said Luxembourg was chosen for its strong regulatory clarity and track record in financial innovation. The country has passed several blockchain-related laws and is pursuing a coordinated government approach to digital assets.

“Luxembourg has always been a key player in Europe’s financial ecosystem, and we’re delighted to share that Coinbase is officially establishing its European crypto hub in this dynamic country, under the Markets in Crypto Assets regulatory framework (MiCA),” the exchange wrote today (Friday).

Regulatory Outlook

Before obtaining the MiCA license, Coinbase operated through individual national authorizations in Germany, France, Ireland, Italy, the Netherlands, and Spain. The new framework now allows the company to offer services across the EU from one regulatory base. Coinbase joins other major exchanges such as OKX, Crypto.com, and Bybit, which have also secured MiCA licenses.

MiCA is the EU’s first major attempt at creating a unified regulatory regime for crypto assets. The framework is designed to increase consumer protections and bring consistency to a sector previously regulated at the national level.

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Coinbase stated that the license marks progress toward greater compliance in Europe but urged policymakers to keep pace with global developments. The MiCA regime will begin phasing in from mid-2025.

Most recently, Bybit received a Markets in Crypto-Assets Regulation license from the Austrian Financial Market Authority. BitGo also secured regulatory approval to offer digital asset services across the European Union.

Source: Finance Magnates