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Coinbase plans to acquire MiFID II license to launch crypto derivatives business in EU

On January 6th, according to CNBC, Coinbase announced that it is acquiring a holding company with a MiFID II license and has reached an agreement. The transaction is still pending regulatory approval and is expected to be completed later in 2024.

If Coinbase obtains the MiFID II license, in addition to the bitcoin and other cryptocurrency spot trading already provided, it will also be able to start offering regulated cryptocurrency derivatives such as futures in the European Union.

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