France : la plateforme Coinbase bientôt enregistrée en tant que PSAN ?

the Coinbase platform soon to be registered as a PSAN?

Coinbase has applied to become a PSAN

As a reminder, the status of Digital Asset Service Provider (PSAN) allows crypto companies such as Coinbase to be able to promote their services in France. This is an almost obligatory step for a company wishing to launch in France.

The news was noted by our colleagues at The Big Whale, who claim that Coinbase would have filed its PSAN file in the fall of 2021. As the processing of the file is quite long, this would mean that the exchange could be about to be granted this sesame.

With its 89 million users, Coinbase is the biggest american cryptocurrency exchange, and it stands out from its competitors by being listed on the stock exchange… Even if the performance of its share has rather tended to leave something to be desired. His arrival as a PSAN is therefore particularly notable.

👉 More info on the Coinbase exchange platform

Why is Coinbase interested in France?

Achieving PSAN status by Coinbase offers two major benefits. On the one hand, it allows him to set foot in Europe. We have noticed in recent months a growing interest from crypto platforms for the old continent, whose inhabitants are turning more and more to cryptocurrencies.

In addition, obtaining a license such as the PSAN status allows you to prepare for the future. European MiCA regulations is about to tumble in Europe, and it provides a provision particularly watched by companies. These will indeed have to obtain a license in at least one of the Member States to claim to be validated at European level. Obtaining PSAN status therefore allows Coinbase to secure its place on the continent.

👉 On the same subject – France: Binance obtains its PSAN registration with the AMF

Newsletter 🍞

Get a crypto news recap every Sunday 👌 And that’s it.

What you need to know about affiliate links. This page presents assets, products or services relating to investments. Some links in this article are affiliated. This means that if you buy a product or register on a site from this article, our partner pays us a commission. This allows us to continue to offer you original and useful content. There is no impact on you and you can even get a bonus by using our links.

Investments in cryptocurrencies are risky. Cryptoast is not responsible for the quality of the products or services presented on this page and could not be held responsible, directly or indirectly, for any damage or loss caused following the use of a good or service highlighted in this article. Investments related to crypto-assets are risky in nature, readers should do their own research before taking any action and only invest within the limits of their financial capabilities. This article does not constitute investment advice.

About the Author : Marine Debelloir

twitter-soothsayerdatatwitter-soothsayerdata

Deputy editor on Cryptoast, I fell into the pot of cryptocurrencies a few years ago. I am passionate about the innovative technologies that stem from the blockchain and I like to find the most crispy information to share with you.
All items from Marine Debelloir.

Leave a Comment

Your email address will not be published.