Coinbase plans to acquire a MiFID II license in order to launch a crypto derivatives business in the EU

ChainCatcher news, according to CNBC, Coinbase has stated that it is acquiring a holding company that holds a MiFID II license. An agreement has been reached, and the deal is pending regulatory approval. Coinbase expects to complete the transaction later in 2024.

It is reported that MiFID II refers to the EU's latest regulatory framework for financial instruments. If it obtains the MiFID II license, Coinbase will be able to start offering regulated crypto derivatives such as futures in the EU, in addition to the spot trading of Bitcoin and other cryptocurrencies that it already provides.