U.S. cryptocurrency exchange Coinbase has officially chosen Ireland as the location for its European MiCA (Markets in Crypto-Assets) hub, marking a significant step in its ongoing international expansion efforts.
MiCA, set to apply to crypto asset service providers by the end of 2024, will enable Coinbase to serve a vast market of 450 million people across 27 countries under a single regulatory framework and national supervision.
The recent adoption of MiCA by EU policymakers is seen as a pivotal moment for the cryptocurrency industry in the region. The regulatory clarity provided by the framework underscores the region’s recognition of the potential offered by emerging technologies.
Favorable environment
Coinbase said Ireland’s favorable political environment and robust regulatory infrastructure for financial technology companies were key factors in its decision.
The company already maintains operational structures in Ireland and benefits from access to a deep talent pool with exp
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