Key facts
- Coinbase received regulatory approval in Abu Dhabi.
- Coinbase will arrange investment deals in Abu Dhabi.
- Coinbase will provide custody services for tokenized securities in Abu Dhabi.
- Coinbase aims to make Abu Dhabi its international hub for on-chain capital markets.
- Coinbase launched derivatives trading services in the UK.
- Coinbase secured a MiFID license from the FCA.
- Coinbase offers over 170 contracts in the UK.
- Coinbase's UK derivatives include crypto, stocks, commodities, and forex.
- Coinbase offers leverage up to 50x on UK derivatives.
Coinbase is significantly expanding its global operations and service offerings through strategic moves in Abu Dhabi and the UK. The cryptocurrency exchange has secured regulatory approval in Abu Dhabi to establish a global tokenized asset hub. This approval allows Coinbase to arrange investment deals and provide custody services for tokenized securities within the emirate.
Coinbase plans to leverage Abu Dhabi as its international base for on-chain capital markets, signaling a commitment to developing and integrating traditional financial assets with blockchain technology. This move positions Abu Dhabi as a key location for the company's future growth in the digital asset space.