The U.S.-based cryptocurrency exchange giant Coinbase is looking to gain regulatory approval in more European countries as a way to expand its presence in the region.that the crypto company is targeting Italy, France, Spain, Switzerland, and the Netherlands to set up operations, having obtained licenses in Ireland, Germany, and the United Kingdom.
While the exchange already hired its first employee in Switzerland, Murugesan said Coinbase wants to appoint a regional manager for its European operations.“When we entered the U.K. and Europe, this was actually during the last big bear market in 2015-2016. But then when you fast forward to 2017-2018, the U.K. is now a massive part of our business, as is Europe. We entered, we made bets. I’m sure it was probably a tough time. But it’s paid off, significantly.
Although being the biggest cryptocurrency exchange in the United States, Coinbase is facing strong competition from rivals like Binance and FTX. Binance’s U.S. division recently