Germany grants Coinbase licence for crypto custody services
Tweet
Share
E-mail
The logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New York, U.S., April 14, 2021. REUTERS/Shannon Stapleton/Files
FRANKFURT (Reuters) - Germany's financial market watchdog BaFin on Monday granted the cryptocurrency exchange Coinbase permission to provide crypto custody services and proprietary trading, the first licence it has issued for such business in Germany.
The licence allows Coinbase Germany GmbH to conduct proprietary trading of crypto assets, BaFin added.
Coinbase, which went public earlier this year, did not immediately respond to a request for comment.
(Reporting by Tom Sims; Editing by Jan Harvey)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Bitmine reports 5.67 million ETH holdings, total assets of $10.7B
- Coinbase (COIN) Reiterated at Overweight by Cantor Fitzgerald on Plan for Tokenized Equities
- Cal-Maine Foods adds two independent directors, expanding board to ten
Create E-mail Alert Related Categories
Corporate News, Cryptocurrency, General News, ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
