Germany grants Coinbase licence for crypto custody services

The logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New York, U.S., April 14, 2021. REUTERS/Shannon Stapleton/Files

FRANKFURT (Reuters) - Germany's financial market watchdog BaFin on Monday granted the cryptocurrency exchange Coinbase permission to provide crypto custody services and proprietary trading, the first licence it has issued for such business in Germany.

The licence allows Coinbase Germany GmbH to conduct proprietary trading of crypto assets, BaFin added.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News
Musk seeks up to $134 billion from OpenAI, Microsoft in 'wrongful gains'
EU to bar Chinese suppliers from critical infrastructure, FT reports
South Korea says US chip tariff to have limited immediate impact
Gmail users must make major decision regarding new AI features in their email
This tech startup is cutting through the noise at CES by railing against 'upgrade culture'
Internet gaming disorder: New book by US psychiatrists helps spot addiction
Report: AI used to generate thousands more child abuse videos in 2025
California demands Elon Musk's xAI stop producing sexual deepfake content
US FTC to scrutinize Big Tech's talent acquisition deals, Bloomberg News reports
Google asks US judge to defer order forcing it to share data while it appeals

Trending in Tech

Others Also Read

Load more

Copyright © 1995- Star Media Group Berhad [197101000523 (10894-D)]

Best viewed on Chrome browsers.