#Coinbase Acquires European Subsidiary#

Coinbase recently acquired the Cyprus subsidiary of European trading platform BUX, renaming it Coinbase Financial Services Europe. The 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 it will use the license to target professional and institutional clients. The acquisition may have been completed last October, as the Belgian Financial Services and Markets Authority (FSMA) registration records show that the entity name was changed from Bux Europe Ltd to Coinbase Financial Services Europe Ltd on October 11, 2024. This acquisition indicates that Coinbase is actively expanding its operations in Europe and seeking to attract a wider customer base by offering more financial products.