According to CNBC, the cryptocurrency exchange Coinbase has received approval from the French market regulator, obtaining a Virtual Asset Service Provider (VASP) regulatory license. CNBC cited a statement in its report on Thursday, stating that this VASP license will allow Coinbase to offer digital asset custody, fiat-to-crypto exchange, and crypto-to-crypto trading services.
Yesterday, Coinbase’s stock price rose by 3.81%, hitting a new high for the year.
Taking a new step towards development outside the United States, earlier this month, Coinbase allowed non-U.S. institutions to use its cryptocurrency exchange for spot trading. In addition, Coinbase’s international division has also started offering derivative trading services to non-U.S. institutional clients this year, with plans to increase the variety of digital assets on the platform while expanding its services to retail customers.
Meanwhile, in the U.S., the long-standing regulatory dispute between Coinbase and the U.S. Securities and Exchange Commission (SEC) remains unresolved, including this year’s SEC accusation of Coinbase operating as an unregistered exchange, an ongoing case.