Coinbase has secured regulatory approval from the Dutch central bank as a crypto service provider, allowing it to offer its full suite of retail, institutional, and ecosystem products to customers in the country.

This makes Coinbase one of the first major global crypto exchanges to be approved by the De Nederlandsche Bank to operate in the country, alongside eToro and other platforms such as BitPay and Okcoin.

Coinbase currently serves customers across almost 40 European countries through dedicated hubs in Ireland, the UK, and Germany.

The company also announced in August that it has partnered with BlackRock to give BlackRock’s institutional clients direct access to cryptocurrency trading capabilities.

Nana Murugesan

“Coinbase prides itself on being a compliance-led business. The Netherlands is a critical international market for crypto, and I am really excited for Coinbase to bring the potential of the crypto economy to the market here,”

said Nana Murugesan, Vice President, International and Business Development at Coinbase.