The major American listed crypto exchange Coinbase has officially registered with De Nederlandsche Bank (DNB). This makes it the first major global exchange that is allowed to offer its services in the Netherlands fully regulated. That writes Coinbase is a update on his website.

Coinbase wins DNB registration

In order to operate as a crypto company in the Netherlands with full approval, one must register with DNB. This has been required since May 2020 and is intended to combat money laundering and the financing of terrorism. So now that Coinbase is registered it has approval received from DNB to offer its services in the Netherlands.

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“This registration enables Coinbase to offer our full range of retail, institutional and ecosystem products to customers in the Netherlands.”

The exchange states that it is “the first major global crypto exchange to receive approval for DNB registration.” One of its competitors, Binance, was fined millions by DNB last summer for failing to register.

Coinbase no longer runs that risk. In the update, the exchange states that it has the ambition to become the world’s most reliable and secure crypto platform. This includes close cooperation with governments worldwide. Nana Murugesan, Vice President of International and Business Development at Coinbase adds:

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“Coinbase is proud to be a compliance-driven company. The Netherlands is an important international market for crypto, and I am very excited that Coinbase is bringing the potential of the crypto economy here.”

Bitcoin exchange continues its expansion

The large exchange already served customers in the Netherlands and 40 other European countries and is busy expanding its services worldwide. Registration with DNB is an important step in this strategy.

Discover more about Coinbase and read the Crypto Insiders Coinbase review here! Here you can read how to create an account, how to buy bitcoin and more.

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