December 4, 2022

Crypto exchange Coinbase has received approval to offer its full suite of retail and institutional crypto products and services in the Netherlands. “We have taken steps to work closely with governments, policymakers and regulators to shape the future in a responsible manner,” Coinbase said.

Dutch regulator approves Coinbase

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Nasdaq-listed cryptocurrency exchange Coinbase (Nasdaq: COIN) announced on Thursday that it has “successfully registered with the Dutch central bank (De Netherlands Bank – DNB) as a cryptocurrency service provider.” Declaration Details:

This registration will allow Coinbase to offer our full suite of retail, institutional and ecosystem products to customers in the Netherlands.

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“We are proud to be the first major global crypto exchange to receive DNB registration approval,” the company claimed, noting that both Coinbase Europe Limited and Coinbase Custody International Limited are listed on the DNB’s Public Register as crypto service providers. has been done.

Nana Murugesan, Coinbase’s Vice President of International and Business Development, commented:

We have taken steps to work closely with the government, policy makers and regulators to shape the future in a responsible manner.

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“The Netherlands is an important international market for crypto, and I am really excited for Coinbase to bring the potential of the crypto economy to market here,” said the executive.

Coinbase reports that it serves customers in around 40 European countries through dedicated centers in Ireland, the UK and Germany. The company is also making additional registration or license applications in several key markets.

In August, the Dutch central bank warned that Binance was illegally providing crypto exchange services in the country. “This could increase the risk of customers being involved in money laundering or terrorist financing,” the regulator warned at the time. In July, DNB said it fined Binance Holdings $3.4 million for “very serious” breaches. The crypto exchange later applied for authorization to operate in the country with the central bank.

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What do you think about Coinbase gaining approval to offer its full suite of crypto products and services in the Netherlands? Let us know in the comments section below.

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