Tuesday, June 18, 2024
20.2 C
London
HomeCrypto ExchangeCoinbase Gets Bermuda License, Reportedly Plans Launch of Offshore Exchange

Coinbase Gets Bermuda License, Reportedly Plans Launch of Offshore Exchange

Coinbase, one of the world’s largest digital currency trading platforms, has announced that it has obtained a license from the Bermuda Monetary Authority. This comes as part of the company’s plans to launch an offshore exchange.

According to reports, Coinbase is looking to launch an offshore exchange aimed at attracting new customers and providing high-quality trading services to users. The company is expected to offer its services to individual investors and companies in Bermuda and other areas.

Bermuda is one of the few countries with broad legislation and strict controls in the field of digital currencies, making it home to a large number of startups in this field.

This news comes after Coinbase obtained a license to trade digital currencies in the United States and Europe, and expanded into Asian and African markets in recent years.

This move indicates that digital currency trading companies are now an integral part of the global economy, continuing to expand and be present in various global markets to meet the needs of users and provide high-quality services.

DISCLAIMER

As per the principles outlined by the Trust Project, Cryptozia remains dedicated to delivering impartial and transparent reporting. This news article is intended to offer precise and punctual information. Nevertheless, it is recommended that readers autonomously corroborate the facts and seek advice from a qualified expert prior to making any decisions reliant on this content.

latest articles

explore more