Coinbase Joins MiCA Race, Picks Luxembourg for EU Expansion

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Coinbase has officially entered the EU’s regulated crypto market, securing a MiCA license from Luxembourg’s CSSF.

The approval lets the exchange offer services across all 27 EU member states, positioning it against licensed competitors like OKX, Crypto.com, and Bybit.

Luxembourg, now Coinbase’s EU hub, has been a crypto-friendly jurisdiction, passing four blockchain laws since 2019. The exchange cited the country’s strategic location (bordering Germany, France, and Belgium) and forward-thinking policies as key reasons for the choice.

The announcement gave Coinbase stock a 5% boost, climbing to $309.92 as investors reacted to its EU regulatory milestone. Meanwhile, Gemini is also nearing MiCA approval, signaling a tightening race among exchanges in Europe.c