• Tue, 12 Nov 2019, 09:14 PM
  • All times are UTC
  • Edition:
Copy link
Increase text size
Decrease text size
Link copied

Crypto exchange Coinbase secures e-money license from Central Bank of Ireland

Image: Coinbase (Twitter)

Mon, 14 Oct 2019, 06:05 am UTC

Cryptocurrency exchange Coinbase is securing a new foothold in Europe after it obtained an e-money license from the Central Bank of Ireland.

As per an announcement made by Zeeshan Feroz, Coinbase’s CEO of its United Kingdom arm, the exchange has become “one of just a few companies” to gain approval in Ireland.

Europe represents a huge opportunity for Coinbase and today’s announcement is another positive step for us in the region,” Feroz said, adding that the e-money license will allow the exchange to expand its Irish operation, provide better products, and secure passporting for its customers across the European Union (EU) and European Economic Area.

Coinbase opened its first office in Dublin, Ireland, in October 2018 to extend its operations in Europe and as a contingency plan in case the U.K. leaves the EU.

Martin Shanahan, CEO, IDA Ireland, said that the move reinforces Ireland’s strength as a financial service destinations for firms, “providing a consistent, certain, pro-enterprise policy environment for businesses to grow and thrive.”

Meanwhile, the news came after the San Francisco-based exchange recently announced it is providing a 1.25% annualized interest rate for holders storing USD coin (USDC) on its platform, as it aims to help clients grow their wealth.

Clients can gain annual percentage yield rewards on a monthly basis, and they can earn interest without the need to sell or transact any cryptocurrency.

Last month, Coinbase also revealed its plans to add support to a range of new assets, especially on those that have not launched.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Bitcoin (BTC) $8,790.10 (+0.07%)
  • Ethereum (ETH) $186.60 (+0.07%)
  • XRP (XRP) $0.272300 (-1.36%)
  • Bitcoin Cash (BCH) $289.38 (0.00%)
  • Litecoin (LTC) $61.73 (-1.33%)
  • Bitcoin (BTC) $8,790.10 (+0.07%)
Nov 12, 2019 (Tuesday)
UPS and HerdX track and monitor beef shipment from U.S. to Japan using blockchain technology
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
China's forex regulator SAFE expands blockchain cross-border financing pilot to 19 provinces
eToroX adds support for Dash, USDC, USDT and GOLDX/BTC, announces 5 new stablecoins
Crypto Technicals: XLM/USD downside limited, holds support at 5-DMA
Crypto Technicals: NEO/USD consolidates around 200-DMA, bias bullish
CoinMarketCap releases Liquidity metric geared towards filtering out market manipulation
Bittrex to release funds of frozen accounts following OFAC’s go-ahead but requirements need to be met first
Film and tech executives to launch blockchain working group at American Film Market
Crypto Technicals: XRP/USD holds cloud support, intraday bias bearish
Crypto Technicals: ETH/USD holds 21-EMA support, intraday bias neutral
Banque de France seeks crypto analyst, development engineer for various financial applications
Bithumb Global announces native token for its blockchain platform ‘Bithumb Chain’
Crypto Technicals: BTC/USD holds support at 4H 200 SMA (8666), break below to see more weakness
BIS appoints Benoit Coeure as the head of new Innovation Hub; Group to foster fintech cooperation between central banks
Bakkt opens bitcoin custody service to all institutions
Free 7-week crypto lectures to be launched by venture capital firm Andreessen Horowitz
Alibaba partners with Lolli to reward shoppers with bitcoin
Chinese-state run publication releases positive report about Bitcoin
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.