Coinbase obtained a registration as crypto service provider to theAMF. L’American exchange was eyeing a PSAN for some time and considers the France as a ” important market “.
Thursday, late afternoon, Coinbase has announced that it now holds a PSAN registration. The authorization granted by the French Autorité des marchés financiers will enable the company to offer its full range of products and services to retail and institutional investors.
Obtaining PSAN status in France allows us to continue expanding globally in the best possible way, integrating the next billion people into crypto while ensuring the safety of consumer assets and prioritizing compliance,” commented Daniel Seifert, Coinbase’s EMEA Regional Vice President.
According to the executive, the country has a “thriving Web3 ecosystem”. In the summer of 2022, Coinbase indicated that it wanted to obtain registrations in Europe, and particularly in France, in order to accelerate its development on the old continent. The platform already had such authorizations in Spain and Italy.
This autumn, Coinbase launched Phase II of its “Go Broad, Go Deep” strategy. Internationally, the company favors markets offering greater regulatory clarity than the United States. More recently, it revealed its intention to set up its European regulatory and operational headquarters in Ireland.
This week, the AMF also issued a PSAN registration to DFNS, a French wallet provider that was raising $12 million in 2022.
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