Coinbase to launch German operations and expand product offering for German customers

Coinbase secures first crypto licence in Germany. Source: blog.coinbase.com

Coinbase has announced that the German Federal Financial Supervisory Authority (BaFin) has awarded Coinbase Germany GmbH a licence for crypto custody and trading, under the new licensing regime introduced in January 2020.

According to the press release, the BaFin licensing framework is the first of its kind in the European Union, and Coinbase Germany is the first company to be issued such a licence.

Coinbase Germany will launch in the coming weeks to serve both new and existing German customers more effectively, including by localising our service and increasing our product offering. To achieve this, we are ramping up our German customer support team and will be launching new features and products in the near future.

We’ve reported that Banking giant debuts Bitcoin trading.

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