10:47 AM EDT, 06/20/2025 (MT Newswires) -- Coinbase Global ( COIN ) said Friday it has secured the Markets in Crypto Assets license from the Luxembourg Commission de Surveillance du Secteur Financier.

Coinbase said the license allows it to provide crypto products and services to all 27 European Union member states. The firm added that it is also setting up its European crypto hub in Luxembourg.

Shares of the company were up over 2% in recent trading.

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