Coinbase has now ventured into new territory. The global crypto exchange platform has received regulatory approval from the Dutch Central Bank, also known as De Nederlandsche Bank (DNB). This action allows Coinbase to offer its crypto products and services to users in the Netherlands.
A full suite of products will be made available in the Dutch market, making Coinbase the first global crypto exchange platform to achieve this feat. Offerings will include retail, institutional, and ecosystem products.
The update follows a successful registration of Coinbase with the Dutch Central Bank as a service provider for cryptocurrency. Coinbase published a blog post to share the news with the community members, adding that it was proud to be the first global crypto exchange to receive registration approval from the Dutch Central Bank.
Regulatory approval in the Netherlands marks a significant milestone in the roadmap filled with international expansion.
Coinbase believes in collaborating with relevant authorities and government officials to implement and follow regulations. The platform views it as an enabler in the growth of cryptocurrency. Moreover, regulatory approvals strengthen the trust of the public and policymakers in the venture.
Nana Murugesan, the Vice President at Coinbase for International and Business Development, called the Netherlands a critical international market for cryptocurrency, adding that Coinbase was excited to bring the potential of cryptocurrency to the Dutch market.
Nana Murugesan reiterated that Coinbase had taken strides to work collaboratively with policymakers, government, and regulators.
Coinbase has dedicated hubs in the United Kingdom, Ireland, and Germany. The platform serves customers in over 40 European countries, with many more registrations and approvals on the way.
Founded in 2012, Coinbase has its headquarters in San Francisco, with more than 3,000 cryptocurrencies listed on the platform. Its achievement can be measured by over 56 million verified users registered on the platform. They continue to trust the operations of Coinbase, making it one of the most valuable public companies in the United States of America.
Not just crypto products and services, but its wallet facility is also widely used by the community. The eWallet facility of Coinbase is available in over 190 countries. Coinbase is the most trustworthy and secure crypto exchange platform across the globe. Explore Coinbase exchange reviews to know about the platform in-depth.
Making this statement more evident is its tag of developer platform, assigned for giving developers a chance to build APIs.
The platform is intuitive, and users have reported that it is easy for experienced and beginners alike. Several traders have used Coinbase as their starting platform, with the majority returning to Coinbase in the future.
The fee is slightly on the higher side compared to other brokers; however, every cent paid is worth the services of Coinbase.
The Dutch market is now geared up to access the crypto products and services of Coinbase. Many more regions are expected to join the list in the coming months.
Source: https://www.cryptonewsz.com/dutch-central-bank-grants-regulatory-approval-to-coinbase/