Cryptocurrency exchange Coinbase has been granted regulatory approval to offer its services in the Netherlands.
The American publicly traded company is now registered as a crypto service provider with the central bank of the Netherlands, the De Nederlandsche Bank.
The Dutch central bank has given the go-ahead for the exchange to offer its full suite of retail, institutional and ecosystem products to its customers in the country.
Coinbase vice president of international and business development Nana Murugesan said: “The Netherlands is a critical international market for crypto, and I am really excited for Coinbase to bring the potential of the crypto economy to the market here.”
The EU has not long completed the full text of legislation needed for crypto regulations under the Markets in Crypto Assets (MiCA) law.
Once the EU’s MiCA regulation comes into place, Coinbase will be able to offer its crypto trading services to the remaining 25 EU nations.
In more recent news, Coinbase has created its ‘crypto sentiment index’, a new feature offering US consumers the opportunity to gain an insight into how local politicians feel about cryptocurrency.