Coinbase has acquired the Cyprus unit of BUX, which has now been rebranded as Coinbase Financial Services Europe.
This acquisition grants Coinbase a Cyprus Investment Firm license from the Cyprus Securities and Exchange Commission, enabling the company to offer contracts for differences (CFDs) across the European Economic Area, according to Finance Magnates.
With the new license, Coinbase can expand its services to professional and institutional clients across Europe, marking a significant step in diversifying its offerings.
Coinbase is now poised to become the world’s most valuable brokerage, surpassing Charles Schwab, the $7 trillion asset manager.
