Coinbase granted a Licence for Crypto custody Services in Germany

Bitcoin market exchange Coinbase to start trading in Germany.

According to Reuters, Germany’s financial market watchdog BaFin on Monday granted the cryptocurrency exchange Coinbase permission to provide crypto custody services and proprietary trading, the first licence it has issued for such business in Germany.

The licence allows Coinbase Germany GmbH to conduct proprietary trading of crypto assets, BaFin added.

Coinbase, which went public earlier this year, did not immediately respond to a request for comment.

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