#Coinbase Acquires European Subsidiary#
Hot Topic Overview
Overview
Coinbase recently acquired the Cyprus subsidiary of European trading platform BUX, renaming the entity Coinbase Financial Services Europe. This acquisition granted Coinbase a Cyprus Investment Firm (CIF) license, allowing it to offer Contracts for Difference (CFD) products and expand its operations to other European Economic Area (EEA) member states. While Coinbase has not officially confirmed, there are indications that the company will use this license to target professional and institutional clients.
Ace Hot Topic Analysis
Analysis
Coinbase recently acquired the Cyprus subsidiary of European company BUX, renaming it Coinbase Financial Services Europe. This acquisition granted Coinbase a Cyprus Investment Firm (CIF) license, authorizing it to offer Contracts for Difference (CFD) products and provide financial products to other European Economic Area (EEA) member states. The deal is believed to have been completed in October last year, and Coinbase appears to be targeting professional and institutional clients with the services offered under its Cyprus license. While Coinbase has not officially confirmed it, its acquisition of BUX's Cyprus subsidiary and the acquisition of the CIF license suggest its intention to enter the European market and expand its business scope by offering more financial products and services.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Coinbase acquired the Cyprus subsidiary of BUX and renamed it Coinbase Financial Services Europe.
Through the acquisition, Coinbase obtained a Cyprus Investment Firm (CIF) license, allowing it to offer Contracts for Difference (CFD) products.
Coinbase can leverage the Cyprus license to offer financial products to other European Economic Area (EEA) member states.
Coinbase appears to be targeting professional and institutional clients with the services it offers under its Cyprus license.