American Coinbase Crypto platform announced the launch of Coinbase Germany’s subsidiary for servicing the German market.
Geld Institute reports that Coinbase is launching Coinbase Germany.
On June 29 Coinbase announced that Coinbase secures first crypto licence in Germany.
Coinbase blog wrote:
“We are delighted to announce that the German Federal Financial Supervisory Authority (BaFin) has awarded Coinbase Germany GmbH a licence for crypto custody and trading, under the new licensing regime introduced in January 2020. The BaFin licensing framework is the first of its kind in the European Union, and Coinbase Germany is the first company to be issued such a license.”
Now Coinbase set to launch Coinbase Germany. Coinbase Germany will offer to institutional and end customers safe access to crypto services like trading and staking.
The crypto platform is expanding its product range with a staking offer and German earn rates, meaning German customers can generate passive income with their cryptocurrencies. In addition, German-speaking customer support and options for institutional customers will be expanded over the long term.
All services offered by Coinbase Germany are subject to the supervision of the German Federal Financial Supervisory Authority (BaFin). Staking is now also available on Coinbase for German customers. With staking, owners of cryptocurrencies make their coins available for the validation of transactions on a proof-of-stake blockchain and receive new coins in return.