Catenaa, Tuesday, June 24, 2025- Coinbase has secured a license under the European Union’s Markets in Crypto Assets (MiCA) framework, granting it regulatory clearance to operate across all 27 EU member states.
The approval, issued by Luxembourg’s financial regulator, positions Coinbase as one of the first major global crypto firms to function fully under the bloc’s unified digital asset regime.
The MiCA framework, enforced since June 2023, enables crypto service providers to offer products across the EU once licensed in a single member country.
Coinbase selected Luxembourg for its blockchain-friendly legislation and comprehensive regulatory ecosystem. The country has passed four blockchain laws in recent years, earning recognition for its “whole-of-government” approach to digital finance.
Coinbase, which had already secured licenses in major EU economies including Germany, France and Italy, said the new MiCA license consolidates its efforts into one compliant structure. “Millions of Europeans will now be able to access regulated and secure crypto services through a single passport,” the company stated.
The move comes amid rapid regulatory tightening in Europe. Binance, the world’s largest crypto exchange, announced plans to delist several stablecoins, including USDT and DAI, for users in the European Economic Area starting March 2025 due to non-compliance with MiCA.
Critics warn the passporting system may encourage companies to seek approval in jurisdictions with lighter enforcement. The European Securities and Markets Authority is currently investigating Malta’s licensing procedures after OKX was fined $1.2 million for compliance failures.
