Coinbase becomes the first major global crypto exchange to successfully register with the Dutch Central Bank (De Nederlandsche Bank - DNB), allowing it to offer its crypto products and services to the Dutch market.
On Thursday, major cryptocurrency exchange Coinbase announced that it had successfully registered with the Dutch Central Bank (De Nederlandsche Bank – DNB) as a crypto service provider. This registration will allow Coinbase to offer a full range of retail, institutional, and ecosystem products to customers in the Netherlands. The exchange has become the first major global crypto exchange to receive DNB registration approval, a major milestone in Coinbase's ongoing international expansion.
The major crypto exchange sees industry regulation as a driver of crypto growth, setting clear ground rules that will create an environment that encourages innovation and builds trust in the sector from both the public and policymakers.
“As part of Coinbase’s ambition to be the world’s most trusted and secure crypto platform, we have taken strides to work collaboratively with government, policymakers and regulators to shape the future in a responsible way. Coinbase prides itself on being a compliance-led business. 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,” said Nana Murugesan, Vice President, International and Business Development at Coinbase.
Coinbase currently serves clients in nearly 40 European countries through dedicated hubs in Ireland, the UK, and Germany. Additional registrations or license applications are in progress in several major markets in accordance with local laws.
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Eva Fox joined Tesmanian in 2019 to cover breaking news as an automotive journalist. The main topics that she covers are clean energy and electric vehicles. As a journalist, Eva is specialized in Tesla and topics related to the work and development of the company.