Coinbase signals continued expansion in Europe

Cryptocurrency exchange Coinbase announced its continued expansion into European markets.

We’re expanding our footprint across European markets!

Recently, Coinbase executives including @brian_armstrong, @faryarshirzad, and @NanaMurugesan met with policymakers across the UK and EU.

Read more about our plans on our blog! 👇https://t.co/8x11WJTsXx

— Coinbase (@coinbase) July 1, 2022

The statement described a meeting between senior executives and regulators in the United Kingdom, and the creation of a regional centre of excellence in Ireland. The Bitcoin exchange has also strengthened its team in Switzerland and is preparing to enter the markets of France, Italy, Spain and the Netherlands.

Currently, Coinbase operates in Великобритании, Ирландии и Германии.

The company emphasised that international expansion remains a priority. Cогласование положений законопроекта о регулировании криптовалют MiCA will enable scaling efforts across the entire EU, Coinbase added.

In January–March 2022, the exchange posted a net loss of $429.7 million. The figure nearly doubled analysts’ expectations.

Against the backdrop of a weak start to the year and a downturn in the crypto market, Coinbase начала оптимизировать расходы.

Earlier, Coinbase CEO Brian Armstrong заявил о сокращении примерно 18% сотрудников из-за наступления криптозимы.

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