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) $9,068.81 (-0.75%)
  • Ethereum (ETH) $225.30 (-1.78%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $220.72 (-0.77%)
  • Bitcoin SV (BSV) $155.08 (-0.51%)
  • Bitcoin (BTC) $9,068.81 (-0.75%)
Feb 21, 2020 (Friday)
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
Brazil to launch new payment system in response to cryptocurrencies
Digital currency exchange Coinbase Pro lists Kyber Network token
Norwegian Air to soon start accepting crypto payments
Swedish central bank begins CBDC pilot with Accenture
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
Telecom companies complete cross-carrier mobile payments using blockchain
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
South Korean ICO project discontinued, to return $7.5M to token holders
Samsung maintains crypto support in soon-to-launch Galaxy S20
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
Coinbase becomes first crypto company to receive Visa principal membership
Dubai Economy and six banks launch KYC Blockchain Consortium
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.