Coinbase has officially named Luxembourg as its new European headquarters after receiving regulatory approval under the EU’s Markets in Crypto-Assets (MiCA) framework.
Granted by Luxembourg’s CSSF, the license allows Coinbase to operate legally across all 27 EU member states, making it the first U.S. crypto exchange to achieve this milestone.
This move marks a major shift in Coinbase’s European strategy, previously centered in Ireland. The company cited Luxembourg’s progressive stance on blockchain and its leadership in shaping EU crypto policy as key factors in the relocation.
Daniel Seifert, Coinbase’s EMEA chief, emphasized that the decision was driven by Luxembourg’s advantages rather than shortcomings in Ireland. With four blockchain-specific laws already in place, Luxembourg offered a more robust regulatory environment.
Despite the move, Coinbase isn’t scaling back in Ireland. The exchange plans to expand its Dublin office with around 50 new hires, and Seifert has relocated there as CEO of Coinbase’s Irish entity.
Coinbase joins fellow exchanges OKX, Bybit, and Crypto.com in meeting MiCA standards, as Europe moves closer to unified crypto regulation and a more secure digital asset market.
Image Credit: Pixabay
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