Cryptocurrency Q&A
Why did Coinbase acquire MiFID?
Why did Coinbase acquire MiFID?
MysticGlider
Mon Jan 06 2025
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6 answers
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Coinbase acquired MiFID to expand its derivatives offering in Europe, targeting the profitable derivatives market which accounts for approximately 75% of the global cryptocurrency market. This acquisition allows Coinbase to provide regulated derivatives such as futures and options to qualified customers in selected EU countries, strengthening its position as a leading cryptocurrency player.
6 answers
DigitalDukedom
Wed Jan 08 2025
The MiFID license holds significant importance.
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CryptoWanderer
Wed Jan 08 2025
The company's blog post revealed the rationale behind the acquisition.
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Leonardo
Wed Jan 08 2025
It is a crucial component of the EU's regulatory framework.
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Lorenzo
Wed Jan 08 2025
It stated that the move aligns with Coinbase's strategy.
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Arianna
Wed Jan 08 2025
This framework governs investment services and activities across all member states.
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