cryptoknowmics.com
The Dutch central bank, De Nederlandsche Bank (DNB), has given cryptocurrency exchange Coinbase (COIN) a legal license, enabling it to provide crypto goods to customers and businesses. According to the firm, Coinbase is the first cryptocurrency exchange to be registered in the Netherlands. Due to this registration, Coinbase will be able to provide consumers in the Netherlands with an entire range of retail, institutional, and ecosystem solutions.
Coinbase Serves In 40 Nations
Through specialized hubs in Germany, the UK, and Ireland, Coinbase provides services to consumers in around 40 European nations. Following regional legislation, license applications are ongoing in several important markets. Upon the implementation of the EU's Market in Crypto Assets (MiCA) law, Coinbase will be able to operate throughout the other 26 European Union member states with approval from the Dutch authorities. According to Nana Murugesan, vice president of international and business development at Coinbase,
"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."
Regulation of the business is a driver of the expansion of the cryptocurrency market since it establishes clear guidelines that will foster innovation and increase public and policymaker confidence in the industry.
New Fee Structure
Cryptoknowmics reported that Coinbase unveiled a new fee structure that would modify the consumer and producer fee structures for transactions over $100,000 and $1 million. The monthly trading volume necessary to qualify for the middle and higher tiers of the fee schedule was reduced by the new structure, which will be applied to Coinbase Exchange, Pro, and Advanced Trade. It will consider the changes in global crypto trading volumes and asset prices.