Coinbase secures French regulator's approval for crypto services

Coinbase Global has secured registration with France’s financial markets watchdog to offer its full suite of cryptocurrency services in the country.

The approval from France’s Autorité des marchés financiers (AMF) allows the $4.8 billion Nasdaq-listed company to operate as a licensed Virtual Asset Service Provider (VASP).

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The AMF greenlight positions Coinbase to onboard more users in France under its “Go Deep, Go Broad” expansion strategy. According to Coinbase’s EMEA VP Daniel Seifert, registration enables the exchange to “continue to grow globally in the best possible way, onboarding the next one billion people into crypto.” Alongside robust security and compliance, it marks a milestone in Coinbase’s European growth after initiating operations in Italy, Spain and France last year.