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Coinbase Leaving U.S. Soil with License to Operate Offshore

Published 04/20/2023, 10:15 AM
Updated 04/20/2023, 10:30 AM
© Reuters Coinbase Leaving U.S. Soil with License to Operate Offshore
COIN
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  • Coinbase (NASDAQ:COIN) is putting a lot of work into its global expansion.

  • The exchange has procured a license to operate away from the U.S. with its hostile regulations.

  • There is a growing feeling that a crypto exodus may be taking place from the U.S.
The regulatory landscape in the U.S. has been declared hostile by a number of major crypto firms in the States. Coinbase has been fighting against the current ‘regulation by enforcement’ it has faced and is now looking for other opportunities elsewhere.

In a company blog post, Coinbase revealed it had received a license to operate in Bermuda. Coinbase outlines the license acquisition as part of its global scaling but also signals the company’s plans to operate with less pressure from U.S. regulations.

Opening Up New Opportunities

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