Dutch Central Bank Grants Regulatory Approval to Coinbase
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Coinbase has now ventured into new territory. The global crypto exchange platform has received regulatory approval from the Dutch central bank, also known as De Nederlandsche Bank (DNB). This functionality allows Coinbase to offer crypto products and services to users in the Netherlands.
The full range of products will be available in the Dutch market, making Coinbase the first global crypto exchange to achieve this feat. There are retail, institutional and ecosystem products.
The update follows Coinbase’s successful registration with the Dutch central bank as a cryptocurrency service provider. Coinbase released a blog post to share the news with community members, adding that it was proud to be the first global crypto exchange to receive registration permission from the Dutch central bank.
The approval by the authorities in the Netherlands is a significant milestone in a roadmap full of international expansion.
Coinbase believes in cooperating with relevant authorities and government officials to implement and comply with regulations. The platform considers it an enabler in the growth of cryptocurrencies. In addition, official approvals strengthen the public’s and decision-makers’ trust in the project.
Nana Murugesan, Head of International and Business Development at Coinbase, called the Netherlands a critical international cryptocurrency market and added that Coinbase was excited to bring the potential of cryptocurrency to the Dutch market.
Nana Murugesan reiterated that Coinbase had taken strides to engage with policymakers, government and regulators.
Coinbase has its own centers in Great Britain, Ireland and Germany. The platform serves customers in more than 40 European countries, and many more registrations and approvals are on the way.
Founded in 2012, Coinbase is headquartered in San Francisco and has more than 3,000 cryptocurrencies listed on the platform. Its achievement can be measured by more than 56 million verified users registered on the platform. They still have confidence in Coinbase’s performance, making it one of the most valuable public companies in the United States.
Not only crypto products and services, but also its wallet function is widely used in the community. Coinbase’s eWallet service is available in over 190 countries. Coinbase is the most trusted and secure crypto exchange platform around the world. Check out our Coinbase exchange reviews to learn about the platform in depth.
This statement is made clearer by the identifier of the developer platform defined to allow developers to build APIs.
The platform is intuitive and users have reported that it is easy for both experienced and novice users. Several traders have used Coinbase as their starting platform, and most will return to Coinbase in the future.
The fee is slightly higher compared to other brokers; however, every cent paid is worth Coinbase’s services.
The Dutch market is now ready to use Coinbase’s crypto products and services. Many more regions are expected to join the list in the coming months.