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Coinbase expands into European market

In October 2024, Coinbase acquired the Cyprus unit of BUX. This acquisition empowers Coinbase with a CIF license, allowing them to offer Contracts for Difference (CFDs) across the European Economic Area. This move is aimed at targeting institutional clients, although the public rollout of CFDs remains pending.

Approved by the Cyprus Securities and Exchange Commission, Coinbase’s new platform is still in its nascent stages. The acquisition, finalized in October 2024, has resulted in a rebranding to Coinbase Financial Services Europe, underscoring the company’s ambitions to expand its financial services across Europe.

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