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Coinbase Global, the cryptocurrency exchange, has successfully registered with the French markets regulator as it pursues its global expansion strategy known as “Go Deep, Go Broad.”
France’s AMF watchdog granted Coinbase approval as a virtual asset service provider (VASP), signaling the green light for the company to operate digital currency services in the country. This registration empowers Coinbase to provide its complete range of retail, institutional, and ecosystem products and services to users in France.
Daniel Seifert, Vice President and Regional Managing Director, EMEA, at Coinbase, expressed, “Achieving VASP status in France allows us to continue to grow globally in the best possible way, onboarding the next one billion people into crypto, while ensuring consumers’ assets are secure and that compliance is prioritized.”
Earlier this year, Coinbase had also disclosed ongoing discussions with the Financial Services Regulatory Authority in the Abu Dhabi Global Market regarding a potential license for a regulated exchange.
With a focus on expanding its presence in European markets, Coinbase has been actively working on its growth strategy in Italy, Spain, and France since the previous year. The company’s registration in France marks another milestone in its broader plan for international reach.
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