The Dutch central bank has granted US-based crypto exchange Coinbase the approval to offer services in the Netherlands, making it the first major global crypto exchange to do so.
De Nederlandsche Bank (DNB) awarded Coinbase registration as a crypto service provider, allowing it to offer a full suite of crypto retail, institutional, and ecosystem products to customers in the Netherlands and, eventually, throughout the European Union.
Coinbase currently serves customers in Ireland, the United Kingdom, and Germany. Coinbase will be able to offer crypto trading services in the other 26 EU countries once the EU’s Markets in Crypto-Assets (MiCA) regulation goes into effect. Several other major markets have registration or licensing applications in the works.
“The Netherlands is a critical international market for crypto, and I am really excited for Coinbase to bring the potential of the crypto economy to the market here,” said Nana Murugesan, Vice President, International, and Business Development at Coinbase.
Coinbase joins rival Binance in obtaining regulatory approval in individual European countries this year.