Coinbase Is Planning a Pivotal Acquisition That Will Allow It To Offer Crypto Derivatives in the EU

Coinbase plans to offer crypto-linked derivatives in the European Union, and it’s planning to acquire a company with a license to do so.

The U.S. cryptocurrency exchange told CNBC exclusively that it entered into an agreement to buy an unnamed holding company which owns a MiFID II license.

MiFID II refers to the EU’s updated rules governing financial instruments. The EU updated the legislation in 2017 to address criticism that it was too focused on stocks and didn’t consider other asset classes, like fixed income, derivatives and currencies.

Read the source article at CNBC