Why Coinbase is looking to expand into the European market

It is in the process of expanding in France, Italy, Spain and many other countries on the continent.

Since Coinbase is huge in North America, it can be said that they want to make a lasting mark in other parts of the world as well. They have already cemented their place as one of the best crypto exchanges, but they want to be considered the number one platform.

With the growth of the crypto market, you should expect many uses to stand out. From investing to playing online casino Bitcoin games, you should have a great time investing in Coinbase as you can earn assets from the platform.

Now, let’s talk about why Coinbase has expanded into the European market.

Europe is a bull market

Coinbase is looking to take advantage of the opportunity to expand into Europe. Vice President of Business Development Nana Murugesan and Vice President of International Policy Tom Duff Gordon issued a statement on how they see Coinbase performing.

They wrote: ‘At Coinbase, our mission is to promote economic freedom and we believe the best way to do this is by increasing the adoption of cryptocurrencies in the world. That is why international expansion is fundamentally aligned with the mission and remains a company priority.’

From what they have seen so far, Coinbase sees Europe as one of the biggest bull markets in the world. They want to invest in this market because they know that people will gravitate towards them as the primary choice for a trade.

The MiCA has impacted the growth of Coinbase

With the Crypto Asset Markets Regulation establishing the most comprehensive framework for the crypto market in 27 countries in Europe, the potential of Coinbase will be enormous because it will provide certainty for the crypto market that has been ignored by multiple entities in the past.

Coinbase wants more growth around the world

While Coinbase has millions of users around the world, they want to keep expanding their reach. Asia has many cryptocurrency users, but they have their own exchanges.

This will start in Europe, which will be important to know because you can use it as a good reason to expand further. They started in NA, but with the move to Europe with MiCA, you have to expect Asia to follow suit.

The largest markets in Asia where Coinbase can expand

Since Europe is a possible market that Coinbase will be looking to tap into, you should be aware that other countries in Asia may enter as well. This means that countries like Japan, Vietnam, South Korea, the Philippines and many more can be called the best markets for crypto assets. Coinbase will be a strong platform for those countries as they are quite helpful for them when searching the crypto market.

Coinbase will continue to grow

With the look of Coinbase recently, you should know that the platform will continue to grow. Europe is just another step up for Coinbase because they have proven that they are one of the highest quality platforms in the world. This is crucial to the experience because people want to use their crypto more freely, which includes investing and playing online casino Bitcoin games. Hopefully, people won’t have a problem with Coinbase growing because this exchange has cemented its place at the top going forward.

Disclaimer: The views and opinions expressed by the author should not be considered financial advice. We do not give advice on financial products.

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