A representation of the cryptocurrency is seen in front of Coinbase logo in this illustration taken, March 4, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
July 1 (Reuters) – Cryptocurrency exchange Coinbase Global Inc (COIN.O) said on Friday it was looking to expand in some European markets, even as the digital asset market continues to experience a downturn.
The company is in the process of expanding in France, Italy, Spain and the Netherlands, it said in a blog post, adding that it was aiming to launch its retail, institutional and developer products in all those markets. (https://bit.ly/3ugNHoa)
In June, Coinbase slashed 1,100 jobs, constituting nearly 18% of its workforce. read more
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Cryptocurrency companies will need a licence and customer safeguards to issue and sell digital tokens in the European Union under groundbreaking new rules agreed by the bloc to tame a volatile "Wild West" market.
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