Coinbase (@coinbase), the prominent cryptocurrency exchange, is set to expand its offerings in the European Union by introducing regulated crypto derivatives, such as futures. To facilitate this, Coinbase has agreed to acquire an undisclosed company that possesses a MiFID II license, which is required for offering such financial products in the EU. While the deal awaits regulatory approval, Coinbase is optimistic, as reported by @CNBC, that the acquisition, anticipated to be completed in 2024, will go through. This strategic move is part of Coinbase's broader efforts to delve into the derivatives market globally and is significant for its stock, $COIN.
Coinbase Prepares to Offer Derivative Products in the EU with MiFID II License https://t.co/mdfgb6uNor
ICYMI: Coinbase plans acquisition to expand derivatives offering in EU https://t.co/DHXTPTrxDx
Coinbase says it has agreed to buy an unnamed holding company which holds a MiFID II license, allowing Coinbase to launch crypto derivatives in the EU (@ryan_browne_ / CNBC) https://t.co/66X5JOOSIz 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/gJcsa1dZdH
BREAKING: @coinbase PLANS TO OFFER REGULATED CRYPTO DERIVATIVES, LIKE FUTURES, IN THE EU VIA THE ACQUISITION OF AN UNNAMED COMPANY THAT HOLDS A MIFID II LICENSE - PER @CNBC https://t.co/PfPxX3P52n
Coinbase $COIN plans to offer crypto-linked derivatives in the European Union 🇪🇺, and it’s planning to acquire a company with a license to do so - CNBC
Coinbase is planning a pivotal acquisition that will allow it to launch crypto derivatives in the EU https://t.co/7jH4kxkpf1
Scoop: Coinbase has agreed to acquire a company with a MiFID II license. It’ll allow CB to launch crypto derivatives in EU, developing on efforts in derivatives globally. The deal is not yet approved, but Coinbase anticipates it will go through in 2024. https://t.co/PtcIgbv4FM