Coinbase Expands European Footprint With Approval to Operate in France

Coinbase Registered in France

Crypto exchange Coinbase has received approval as a registered virtual asset service provider in France. This registration allows Coinbase to operate in France, continuing our plans to grow across Europe," the crypto platform detailed. "France is an important market for Coinbase … We are dedicated to partnering with high-bar regulators across jurisdictions to help update the financial system."

Coinbase's Global Expansion Strategy

Coinbase (Nasdaq: COIN) announced on Thursday that it has obtained a virtual asset service provider (VASP) registration in France. This milestone is part of Coinbase's strategy to "go broad and go deep" in order to scale globally. The company aims to launch foundational products that serve as gateways to Web3 and crypto in every country (go broad), while also establishing localized infrastructure and public-facing products with a full suite of services (go deep).

Coinbase's Approval and Services in France

With the VASP registration, Coinbase can now offer retail and institutional investors in France various services. These include custody of digital assets, buying and selling digital assets using legal tender, and trading digital assets against other digital assets. This approval comes at a time when the demand for cryptocurrencies in France is increasing. According to a recent survey, 10% of French adults currently own cryptocurrencies, and 24% plan to engage in crypto activities in the next 12 months. Coinbase attributes this growing interest to the belief that the global financial system unfairly favors powerful interests, as expressed by 60% of French adults.

Coinbase's Commitment to European Markets

Coinbase has demonstrated its commitment to the European markets by selecting Ireland as its MiCA entity location. MiCA, which stands for Markets in Crypto Assets, provides regulatory clarity to the industry and showcases the region's recognition of the potential that emerging technologies, such as cryptocurrencies, can offer. The recent adoption of MiCA by European Union policymakers is seen as a pivotal moment for cryptocurrencies in the region.


Coinbase's approval to operate as a registered virtual asset service provider in France is a significant step in its European expansion strategy. The company's focus on complying with high-bar regulations and partnering with regulators across jurisdictions reflects its dedication to updating the financial system. With the increasing demand for cryptocurrencies in France, Coinbase's presence in the country will contribute to the growth of the digital asset market. By expanding its footprint in Europe, Coinbase solidifies its position as a leading global crypto exchange.

Frequently Asked Questions

What are the benefits of a gold IRA

A gold IRA has many benefits. It's an investment vehicle that allows you to diversify your portfolio. You decide how much money you want to put into each account, and when you want it to be withdrawn.

You also have the option to roll over funds from other retirement accounts into a gold IRA. This is a great way to make a smooth transition if you want to retire earlier.

The best thing about investing in gold IRAs is that you don’t need any special skills. They are offered by most banks and brokerage companies. Withdrawals can be made instantly without the need to pay fees or penalties.

That said, there are drawbacks too. The volatility of gold has been a hallmark of its history. Understanding why you invest in gold is crucial. Do you want safety or growth? Are you trying to find safety or growth? Only once you know, that will you be able to make an informed decision.

If you are planning to keep your Gold IRA indefinitely you will want to purchase more than one ounce. One ounce won't be enough to meet all your needs. Depending on the purpose of your gold, you might need more than one ounce.

You don’t necessarily need a lot if you’re looking to sell your gold. You can even manage with one ounce. You won't be capable of buying anything else with these funds.

Should you open a Precious Metal IRA

You should be aware that precious metals cannot be covered by insurance. There is no way to recover money that you have invested in precious metals. This includes all investments that are lost to theft, fire, flood, or other causes.

Protect yourself against this type of loss by investing in physical gold or silver coins. These coins have been around for thousands and represent a real asset that can never be lost. If you were to sell them today, you would likely receive more than what you paid for them when they were first minted.

Consider a reputable business that offers low rates and good products when opening an IRA. A third-party custodian is a good option. They will protect your assets while giving you easy access whenever you need them.

When you open an account, keep in mind that you won't receive any returns until your retirement. Keep your eyes open for the future.

How much of your portfolio should you hold in precious metals

First, let's define precious metals to answer the question. Precious metals refer to elements with a very high value relative other commodities. This makes them valuable in investment and trading. The most traded precious metal is gold.

But, there are other types of precious metals available, including platinum and silver. The price of gold fluctuates, but it generally remains stable during times of economic turmoil. It is also relatively unaffected both by inflation and deflation.

All precious metals prices tend to rise with the overall market. They do not always move in the same direction. If the economy is struggling, the gold price tends to rise, while the prices for other precious metals tends to fall. Investors expect lower interest rates which makes bonds less appealing investments.

In contrast, when the economy is strong, the opposite effect occurs. Investors are more inclined to invest in safe assets, such as Treasury Bonds, and they will not demand precious metals. They become less expensive and have a lower value because they are limited.

Therefore, to maximize profits from investing in precious metals, you must diversify across multiple precious metals. Additionally, since the prices of precious metals tend to rise and fall together, it's best to invest in several different types of precious metals rather than just focusing on one type.


  • Contribution limits$6,000 (49 and under) $7,000 (50 and up)$6,000 (49 and under) $7,000 (50 and up)$58,000 or 25% of your annual compensation (whichever is smaller) (
  • The price of gold jumped 131 percent from late 2007 to September 2011, when it hit a high of $1,921 an ounce, according to the World Gold Council. (
  • This is a 15% margin that has shown no stable direction of growth but fluctuates seemingly at random. (
  • If you accidentally make an improper transaction, the IRS will disallow it and count it as a withdrawal, so you would owe income tax on the item's value and, if you are younger than 59 ½, an additional 10% early withdrawal penalty. (
  • Instead, the economy improved, stocks rebounded, and gold plunged, losing 28 percent of its value in 2013. (

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The History of Gold as an Asset

From the beginning of history, gold was a popular currency. It was universally accepted due to its purity and divisibility, beauty, scarcity, and durability. Aside from its inherent value, it could be traded internationally. Different weights and measurements existed around the world, however, because there were not international standards to measure gold. One pound sterling in England was equivalent to 24 carats silver, while one livre tournois in France was equal 25 carats. In Germany, one mark was equivalent to 28 carats.

In the 1860s, the United States began issuing American coins made up of 90% copper, 10% zinc, and 0.942 fine gold. This led to a decline in demand for foreign currencies, which caused their price to increase. At this point, the United States minted large amounts of gold coins, causing the price of gold to drop. The U.S. government was unable to pay its debts due to too much money being in circulation. They decided to sell some excess gold to Europe in order to do this.

Since most European countries were not confident in the U.S. dollar they began accepting gold as payment. However, after World War I, many European countries stopped taking gold and began using paper money instead. The value of gold has significantly increased since then. Today, although the price fluctuates, gold remains one of the safest investments you can make.

By: Kevin Helms
Title: Coinbase Expands European Footprint With Approval to Operate in France
Sourced From:
Published Date: Sat, 23 Dec 2023 07:30:29 +0000

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