#Coinbase Acquires European Subsidiary#
Hot Topic Overview
Overview
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, allowing it to offer Contracts for Difference (CFD) products and provide financial products to other European Economic Area (EEA) member states. It is understood that Coinbase may use the license to target professional and institutional clients. The deal is believed to have been completed in October last year, and while Coinbase has not yet formally confirmed it, it has received regulatory approval.
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, allowing it to offer Contracts for Difference (CFD) products and expand its operations to other European Economic Area (EEA) member states. While Coinbase has not officially confirmed, there are indications that it will leverage the license to target professional and institutional clients. The acquisition was completed last October, and records from the Belgian Financial Services and Markets Authority (FSMA) show that the entity's name was changed from Bux Europe Ltd to Coinbase Financial Services Europe Ltd on October 11, 2024.
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.
The acquisition gave Coinbase a Cyprus Investment Firm (CIF) license, allowing it to offer Contracts for Difference (CFD) products.
Coinbase can use 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.