Share this article
Coinbase Wins European MiCA License in Luxembourg
Coinbase joins other major exchanges like Bybit, OKX and Crypto.com in being able to operate across the European Union.
Updated Jun 20, 2025, 3:24 p.m. Published Jun 20, 2025, 3:00 p.m.
Make us preferred on Google
What to know:
- Crypto exchange Coinbase has won a European Union Markets in Crypto Assets license (MiCA) from Luxembourg.
- The exchange will now be able to offer services across the 30 nations in the European Economic Area.
Crypto exchange Coinbase has won a European Union Markets in Crypto Assets license (MiCA) from Luxembourg, the company said in a statement on Friday.
The exchange, which is the fifth-largest crypto exchange by volume according to CoinGecko, will now be able to offer services across the 30 nations in the European Economic Area.
STORY CONTINUES BELOW
It joins other major exchanges which have secured the MiCA license. Bybit, the second largest exchange secured its MiCA license from Austria in May, while, OKX and Crypto.com secured their MiCA licenses from Malta.
Though the EU MiCA license grants companies access to all the nations in the European Union plus Iceland, Liechtenstein and Norway, countries in the bloc have still been vying to attract major crypto companies.
"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)," Coinbase said in its statement.
Luxembourg has passed four blockchain-related policies through national legislature, Coinbase said.
Update (June 20, 15:18 UTC ): Adds more context to the third, fourth and fifth paragraphs.
More For You
SEC makes quiet shift to brokers' stablecoin holdings that may pack big results
The securities regulator has continued its Project Crypto work to make unofficial policy changes as it moved to let broker-dealers treat stablecoins as capital.
What to know:
- The addition of a few lines in a frequently-asked-questions page on the U.S. Securities and Exchange Commission website may open up the use of stablecoins in capital calculations for U.S. broker-dealers.
- The agency is instructing brokers that they need only give their stablecoins a 2% haircut when calculating how much they can be used as regulatory capital.
Top Stories
