Germany grants Coinbase licence for crypto custody services | eBitcoinics.com

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Germany grants Coinbase licence for crypto custody services

Reuters 29 Jun, 2021 reuters.com Views: 321

Germany’s financial market watchdog BaFin on Monday granted the cryptocurrency exchange Coinbase permission to provide crypto custody services and proprietary trading, the first license it has issued for such business in Germany.

The license 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.

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