Coinbase Global, Inc (NASDAQ: COIN) stock is trading higher Thursday after the cryptocurrency exchange bagged registration from France's AMF watchdog as a virtual asset service provider (VASP), marking a significant expansion into the European market.
This approval enables Coinbase to offer various digital currency services in France, including custody of digital assets, buying or selling in legal tender, trading of digital assets, and operating a trading platform, CNBC reports.
The move comes as European regulators, including those in France, adapt to the evolving crypto and blockchain technologies.
Also Read: Full story available on Benzinga.com