Coinbase becomes one of just a few companies to receive the e-money licence, which will enable us to expand our Irish operation and ultimately deliver a better product to customers across some of our fastest-growing markets.

At the end of 2018, we announced our first step into Ireland with a new office in Dublin — one of the capitals of Europe’s burgeoning cryptoeconomy. Today, we are happy to announce that we have been granted an e-money licence by the Central Bank of Ireland.

Europe represents a huge opportunity for Coinbase and today’s announcement is another positive step for us in the region. The approval from the Central Bank of Ireland will now enable us to expand our Irish operation and deliver a better product to customers across some of our fastest-growing markets. It will also allow us to secure passporting for our customers across the EU and EEA.

We are committed to ensuring that our customers have the same safeguarding and security as any regulated financial institution, and the approval of a second European regulatory authority demonstrates our position as the world’s most trusted cryptocurrency platform.

The licence is another important step toward our mission of creating an open financial system for the world.

Martin Shanahan, CEO, IDA Ireland congratulated Coinbase on this important milestone and said: “Coinbase’s choice of Dublin for this operation reinforces the strength of Ireland as a destination for financial services companies, providing a consistent, certain, pro-enterprise policy environment for businesses to grow and thrive.”

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