On June 26, 2025, Coinbase announced it had obtained a Markets in Crypto-Assets (MiCA) license in Luxembourg from the Commission de Surveillance du Secteur Financier (CSSF). This allows Coinbase to offer cryptocurrency services across all 27 European Union member states.
The MiCA regulation, fully applicable from December 30, 2024, aims to harmonize crypto asset regulations within the EU. Coinbase plans to shift its EU operations to Luxembourg, recognizing its proactive approach to crypto regulation.
Coinbase will delist non-compliant stablecoins by December 30, 2024, in line with MiCA requirements. Users can transition to compliant stablecoins like USD Coin (USDC) and Euro Coin (EURC).