Coinbase secures UK MiFID license to offer stocks, derivatives

Coinbase, the largest U.S. cryptocurrency exchange, announced on July 7 that it has obtained an investment services license in the UK compliant with the Markets in Financial Instruments Directive (MiFID). The license allows the company to legally offer derivatives and stock trading in addition to its cryptocurrency services in the country. In its announcement, Coinbase stated that the boundary between crypto and traditional finance is rapidly disappearing and that it decided to expand its investment in the UK because it has a market that justifies the commitment.