Coinbase First US Crypto Exchange Secures EU Wide MiCA License

Coinbase has become the first U.S.-based cryptocurrency exchange to secure a Markets in Crypto Assets (MiCA) license in the European Union, granted by Luxembourg's financial regulator, the Commission de Surveillance du Secteur Financier (CSSF). This license enables Coinbase to operate across all 27 EU member states under the new unified regulatory framework designed to enhance investor protection and standardize crypto market operations. Following this approval, Coinbase has shifted its European headquarters from Ireland to Luxembourg, citing Luxembourg's established crypto-specific laws and forward-thinking financial environment as key factors, whereas Ireland currently lacks dedicated cryptocurrency legislation. Despite relocating its hub, Coinbase plans to continue investing in Ireland, including expanding its Dublin office workforce. The MiCA regulation, which came into effect in late 2024, aims to harmonize crypto regulations across the EU and mitigate consumer risks in the wake of industry failures. Coinbase's CEO Brian Armstrong emphasized the company's strong commitment to the European market and the importance of Luxembourg's regulatory leadership for crypto's future on the continent.