Coinbase successfully registers with the Dutch Central Bank

Quick Take

  • Coinbase has registered with the Dutch Central Bank.
  • The global exchange joins over 30 other crypto-asset providers on the register.

Global crypto exchange Coinbase has successfully registered with the Dutch Central Bank (De Nederlandsche Bank), the company announced on Thursday, opening the firm's products and services to the Netherlands with full regulatory approval.

Coinbase is added on to a list of more than 30 other crypto-asset service providers on the national central bank’s register. The company joins other exchanges such as OKCoin and Bitstamp.

Rival exchange Binance was fined €3.3 million earlier this summer for failing to obtain this registration. 

THE SCOOP

Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy
By signing-up you agree to our Terms of Service and Privacy Policy

Coinbase is formally supported in a total of 40 European countries, with its European branch registration based in Ireland. It is seeking to continue expanding and collecting licenses in “several major markets.”

The EU’s comprehensive regulatory framework focused on centralized crypto-asset service providers completed its negotiations in the European institutions this week. This harmonizes licensing requirements across the 27-state bloc and paves the way for exchanges to operate in Europe.


© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

Inbar is a reporter covering crypto policy and regulation with a focus on Europe. Before The Block, she worked with several publications in Brussels including The Parliament Magazine and Are We Europe. Inbar holds a bachelor's degree in international relations from University College Utrecht and a master's degree in international politics from KU Leuven.