What's in this article
The crypto exchange has expanded its presence in Europe with the latest license from Italy’s watchdog.
Coinbase, one of the largest cryptocurrency exchanges, has been licensed to operate in Italy. Licensed by Organismo Agenti e Mediatori (OAM) in Italy
With the announcement, coinbase becomes the first cryptocurrency exchange to obtain a valid license from Italian regulators.
The OAM’s requirements demand foreign crypto companies in Italy to put strict anti-money laundering measures in place before servicing residents.
Gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators
What Does Coinbase Want
The aim of coinbase is to be in the European market and to dominate the market by being one step ahead of its competitors.
As we continue to grow across Europe and other regions, maintaining our strong regulatory relationships will ensure that we will continue to bring to market the products that our customers want, through the most trusted and secure platform in the cryptoeconomy
Becoming the Amazon of Crypto
Even though it is the largest cryptocurrency exchange in America, it is still behind its rivals ftx and binance. Coinbase who wants to close the power difference has to be fast, binance received the same document much earlier from Italy.
Despite the tough rivalry, Coinbase still hopes to become the Amazon of crypto. Earlier this year, Guillaume Chatain, Coinbase’s Head of EMEA (Europe, Middle East, and Africa), revealed that the company intends to offer all crypto assets available in the market as long as it is authorized to do so.