The U.S.-based crypto exchange has recently acquired the license required to offer crypto trading services in the island territory of Bermuda.
Coinbase Bermuda Receives License
At a time when U.S. regulators, like the SEC, are making it harder and harder for crypto companies to survive, Coinbase has made the prudent decision to take matters offshore. The crypto exchange had recently applied for the operational license for the offshore haven of Bermuda. In a blog published on the company website on April 19, it was revealed that the application was approved, and the license was granted to Coinbase.
“Coinbase Bermuda Ltd. has obtained a Class F License under the Digital Asset Business Act from the Bermuda Monetary Authority (BMA).”
According to reports, thanks to the license, Coinbase is all set to launch a crypto derivatives exchange in Bermuda as soon as next week.
BMA Makes Bermuda A Crypto Haven
The announcement also addressed the factors which drove the company to branch o
We współpracy z: https://cryptodaily.co.uk/2023/04/coinbase-can-now-start-operating-in-the-bermuda
