Coinbase secures EU crypto license, swaps Ireland for Luxembourg as main hub
The U.S. crypto exchange's main European base has been in Ireland since 2023.
Coinbase said Friday that it obtained its Markets in Crypto Assets (MiCA) license from Luxembourg's Commission de Surveillance du Secteur Financier (CSSF).
MiCA is a sweeping regulation that aims to create a harmonized legal framework for crypto across all 27 EU member states. The rules, which came fully into force late last year, also aim to reduce risks for consumers buying crypto assets following a series of scandals in the sector.
It makes Coinbase the first U.S. crypto exchange to receive a MiCA license. Rival firm Gemini, which is owned by the Winklevoss twins, is expected to receive its own EU license from Malta soon. Gemini chose Malta as its MiCA hub in January.
"Coinbase is all in on Europe, and we're advocating for crypto's future across the continent," Coinbase CEO Brian Armstrong told CNBC. "MiCA has set the standard, and Luxembourg is leading the way with its pro-business climate and thoughtful approach to regulation."
Previously, Coinbase decided on Ireland as its central EU hub in 2023 and launched a big public relations blitz around the move at the time. However, the company ultimately backtracked on this decision, concluding Luxembourg would make more sense for its status as a "forward-thinking financial hub."
"The decision was made less-so due to Ireland, but rather for the reasons that Luxembourg presented a highly compelling option," Daniel Seifert, vice president and regional managing director of EMEA at Coinbase, told CNBC.
Luxembourg has four blockchain-related policies that have been signed into law, whereas Ireland currently lacks any crypto-specific laws.
He added that Coinbase is still investing heavily in Ireland with "imminent" plans to add around 50 jobs to its local Dublin office. Seifert has also personally relocated to the country from Germany as CEO of Coinbase's Irish entity.
Globally, Coinbase isn't the first to receive crypto authorization across the EU — but it is one of the largest. Rival exchanges Bybit, OKX and BitGo have all secured their own respective MiCA licenses.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
30 minutes ago
- Yahoo
Yaber Unveils T1 Pro: Mini Cinema Experience with Big Sound and Smart Streaming Under $200
HONG KONG, July 1, 2025 /PRNewswire/ -- Yaber today introduces the T1 Pro, a compact smart projector that packs powerful audio, effortless setup, and certified streaming into a refined cylindrical form. With an 8W speaker powered by TurboSonic™ acoustic technology, certified Netflix access, and a 180° rotating gimbal stand, the T1 Pro brings flexible entertainment for everyday spaces—all at an accessible price point. Designed for Everyday Portability Lightweight and travel-ready at just 1.25 kg, the T1 Pro features a streamlined cylindrical unibody that blends into modern interiors. Its military-grade orange nylon strap and silicone grips ensure ergonomic comfort and slip-resistant handling, making it suitable for both indoor and outdoor use. A built-in 180° rotating gimbal stand allows for easy angle adjustments—whether for wall, or ceiling projection—without the need for additional mounts. Immersive Audio Without the Extras At its core of the T1 Pro is a custom 8W speaker housed in a 75cc acoustic chamber. Enhanced with TurboSonic™ technology, it delivers rich, room-filling sound with deeper bass and immersive spatial presence. Whether you're hosting a family karaoke night or streaming the latest action-packed blockbuster, there's no need for external speakers. Smart Streaming, Simplified Setup Preloaded with licensed Netflix, YouTube, and Prime Video, the T1 Pro eliminates the need for extra devices or side-loading. Its advanced imaging system includes auto-focus, auto-keystone correction, intelligent screen alignment, and obstacle avoidance, enabling precise and quick setup in any environment. Additionally, the projector offers ambient mood lighting options—warm, cool, and nightlight—to set the vibe. The Yaber T1 Pro is now available for $159.99 in the USA and €179.99 in European countries on Yaber's official website. Amazon stores and select retailers will be rolling out worldwide soon. View original content to download multimedia: SOURCE Yaber Technologies Co., Ltd
CNBC
30 minutes ago
- CNBC
Best stocks: The 10 most exciting names of the summer and one more on the verge of a breakout
(This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Josh — With the first half of the year wrapping up, Sean and I are taking a look at the best stocks on our Best Stocks in the Market list so far this summer. We're using June 1st as the starting point to show you the names people have been most excited about on our list. The first thing that jumped out at me was the breadth of sector dispersion among the top ten Best Stocks this month. It's not concentrated to any one or two sectors, it's all over the map. This is what you want to see in a bull market, of course, because it indicates a bull that's being driven by multiple forces and not a singular theme, like rates falling or AI spending. Coinbase (COIN) , Oracle (ORCL) , Robinhood (HOOD) , Vistra (VST) and Roblox (RBLX) are your top five. That's two from financial services, one from information technology, one utility, and one from communications services. Over the past month, these stocks are up between 21% and 42% with billions in market cap gains for all of them. Coinbase has added $27 billion in value since the start of the month while Robinhood has added $22 billion, putting both companies higher in the Financial sector's overall weighting. Within the top 10 are Royal Caribbean (RCL) which is benefiting from the twin tailwinds of lower energy prices and a resilient consumer, and Cloudflare (NET) , a data center play. Then there's Ferguson Enterprises (FERG) , an HVAC giant I introduced the audience to on the Halftime Report back in December for the first time. Last but not certainly not least is KLAC and NVDA , two semiconductor giants, with NVDA nearing a $4 trillion market cap. Additionally, Hilton (HLT) hit our list last week. We just saw a golden cross happen as the stock climbs out of its April "Liberation Day" lows. The stock was in a 24% drawdown and is now back to within 4% of a 52-week high. Welcome to the list, Hilton. Sector Leaderboard As of 6/30/2025, there are 120 names on The Best Stocks in the Market list. Top Sector Ranking: Sean — June 2025 was a standout month for the U.S. stock market, with the S & P 500 and Nasdaq both closing at record highs amid renewed optimism around AI and easing geopolitical tensions. Tech stocks led the charge, with names like Nvidia and Oracle driving performance, helping the broader market shrug off lingering concerns about inflation and trade policy. Industrials and tech take up the lion's share of our list at a combined 40% exposure out of all 11 sectors: Top Industries: Software, Capital Markets, and Aerospace and Defense have been the strongest industries for the first half of 2025: Crypto was another theme within our list that had a great June. COIN was the best performing stock on our list for the month of June, up a total of 42%. Robinhood, a capital markets stock but one that earns a massive amount of revenue due to crypto trading, was the 2nd best performer on our list for the month of June, up 41.6%. In Q1 2025, HOOD reported $252 million in crypto trading revenue, which was up 100% year-over-year. That same quarter, its total transaction-based revenue amounted to $583 million, meaning approximately 43% came from crypto alone. Hotels, restaurants and leisure is another interesting industry to point out. Within the leisure, lodging, and travel service industries in the S & P 500, every stock is above its 50-day moving average, and all but one stock is above its 200-day moving average ( Norwegian Cruise Line is below that level). The median RSI for an S & P 500 stock in these industry groups is 66, higher than the median reading of 55 for the S & P 500. Top 5 Best Stocks by Relative Strength: New Addition: Hilton (HLT) Sean — Hilton (added to list on June 27) is benefiting from multiple tailwinds heading into the back half of 2025. Business travel demand has rebounded strongly, with corporate bookings and group events coming back online. At the same time, Hilton's diversified brand portfolio of affordable to ultra luxury positions it well to capture an evolving consumer during times of heightened macro uncertainty. HLT's earnings report last quarter was a strong one: Q1 2025 saw 6% adjusted EBITDA growth, $300 million in net income, a 7% pipeline increase and $927 million returned to shareholders. Full-year guidance projects up to $1.75 billion in net income and $3.3 billion in capital returned to shareholders. (data via Quartr.) Last week we saw a golden cross - which is the 50-day moving average cross through and above the 200 day moving average, which is a bullish formation. The stock is breaking above some recent congestion and deserves a spot on your watchlist from here. Risk management Josh here — Hilton is a potential breakout, not a breakout in progress. Pure technicians would wait to see how it handles a retest of the old highs from February in the low $270s. For investors, if you're going to pull the trigger early in anticipation, I like $240 as a line in the sand, just below the rising 200-day. Update each week as the closing prices come in. DISCLOSURES: (None) All opinions expressed by the CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, NBC UNIVERSAL, their parent company or affiliates, and may have been previously disseminated by them on television, radio, internet or another medium. THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY . THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. THE CONTENT IS GENERAL IN NATURE AND DOES NOT REFLECT ANY INDIVIDUAL'S UNIQUE PERSONAL CIRCUMSTANCES. THE ABOVE CONTENT MIGHT NOT BE SUITABLE FOR YOUR PARTICULAR CIRCUMSTANCES. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR. INVESTING INVOLVES RISK. EXAMPLES OF ANALYSIS CONTAINED IN THIS ARTICLE ARE ONLY EXAMPLES. THE VIEWS AND OPINIONS EXPRESSED ARE THOSE OF THE CONTRIBUTORS AND DO NOT NECESSARILY REFLECT THE OFFICIAL POLICY OR POSITION OF RITHOLTZ WEALTH MANAGEMENT, LLC. JOSH BROWN IS THE CEO OF RITHOLTZ WEALTH MANAGEMENT AND MAY MAINTAIN A SECURITY POSITION IN THE SECURITIES DISCUSSED. ASSUMPTIONS MADE WITHIN THE ANALYSIS ARE NOT REFLECTIVE OF THE POSITION OF RITHOLTZ WEALTH MANAGEMENT, LLC" TO THE END OF OR OUR DISCLOSURE. Click here for the full disclaimer.
Bloomberg
an hour ago
- Bloomberg
Airbus Said to Deliver About 60 Planes in June, Short of Target
Airbus SE delivered about 60 aircraft in June, people familiar with the matter said, requiring the European planemaker to step up output in the second half of the year to achieve its full-year target. Including June, Airbus has now handed over slightly more than 300 aircraft in the first six months, said the people, asking not to be identified discussing preliminary numbers. That's well short of the halfway point of the 820 units that Airbus plans to deliver this year, though output typically picks up speed in the final few months.
