#Coinbase Acquires European Subsidiary#
Hot Topic Overview
Overview
Coinbase has acquired the Cyprus subsidiary of European trading platform BUX, rebranding the entity as Coinbase Financial Services Europe. The acquisition gives Coinbase a Cyprus Investment Firm (CIF) license, allowing it to offer Contracts for Difference (CFD) products and provide financial products to other European Economic Area (EEA) member states. While Coinbase has not officially confirmed, it is believed that it will use the acquisition to target professional and institutional clients.
Ace Hot Topic Analysis
Analysis
Coinbase recently acquired the Cyprus subsidiary of European trading platform BUX, renaming the entity Coinbase Financial Services Europe. The acquisition granted Coinbase a Cyprus Investment Firm (CIF) license, authorizing it to offer Contracts for Difference (CFD) products and provide financial products to other European Economic Area (EEA) member states. The deal is believed to have been completed in October last year, and Coinbase appears to be targeting professional and institutional clients with the services offered under its Cyprus license. The acquisition signals Coinbase's aggressive expansion in Europe, with plans to broaden its customer base by offering new services such as CFD products.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Coinbase acquired the Cyprus subsidiary of BUX and renamed it Coinbase Financial Services Europe.
Through the acquisition, Coinbase obtained a Cyprus Investment Firm (CIF) license, authorizing it to offer Contracts for Difference (CFD) products.
Coinbase can leverage this Cyprus license to offer financial products to other European Economic Area (EEA) member states.
Coinbase appears to be targeting professional and institutional clients with the services it offers under its Cyprus license.