On June 20, 2025, Coinbase announced it secured regulatory approval to operate across the European Union under the Markets in Crypto-Assets (MiCA) framework. The license, granted by Luxembourg's financial authorities, allows Coinbase to provide crypto services across all 27 EU member states. This marks a significant expansion of Coinbase's European presence.
This follows similar moves by other exchanges like Gemini, OKX, and Crypto.com. MiCA, which came into force in June 2023, standardizes licensing for crypto asset service providers within the EU, allowing firms to "passport" services across the bloc. Coinbase's stock (COIN) is currently trading at $308.38, up $13.20 (4.47%) from the previous close.
Coinbase chose Luxembourg due to its approach to blockchain. The company previously secured licenses in several European countries. The stock market information for Coinbase Global Inc (COIN) shows a price of 308.38 USD with a change of 13.20 USD (0.04%) from the previous close, as of Saturday, June 21, 00:15:00 UTC.