Crypto exchange Coinbase has received approval to offer a full suite of retail and institutional crypto products and services in the Netherlands.” We have moved forward to work cooperatively with governments, policy makers and regulators to shape the future in a responsible way.” Coinbase stated.
Dutch regulators approve Coinbase
Nasdaq-listed cryptocurrency exchange Coinbase (Nasdaq: COIN) announced Thursday that it has been “successfully registered as a crypto service provider with the Dutch Central Bank (De Nederlandsche Bank – DNB).” Details of the announcement are as follows.
The registration allows Coinbase to offer its full retail, institutional, and ecosystem products to customers in the Netherlands.
“We are proud to be the first major global crypto exchange to receive DNB registration approval,” the company claims, adding that Coinbase Europe Ltd. and Coinbase Custody International Ltd. are both crypto service noted that they are listed in the DNB’s official register as providers.
Nana Murugesan, Vice President of International and Business Development at Coinbase, commented:
We are taking steps to work collaboratively with governments, policy makers and regulators to shape the future in a responsible way.
“The Netherlands is an important international market for crypto and I am really excited that Coinbase is bringing the potential of the crypto economy to the market here,” the executive opined.
Coinbase, he explained, serves customers in about 40 European countries through dedicated hubs in Ireland, the UK, and Germany. The company is also pursuing additional registrations or license applications in several key markets.
In August, the Dutch central bank warned that Binance was illegally offering crypto exchange services in the country.” This could increase the risk of customers engaging in money laundering or terrorist financing,” the regulator warned at the time.In July, the DNB announced that it had fined Binance Holdings $3.4 million for “very serious” violations. The crypto exchange then applied to the central bank for a license to operate in the country.
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