US-based cryptocurrency exchange Coinbase made an important announcement regarding the future of the exchange through a post on its official website. In the official announcement, Coinbase stated that Germany will be the talent hub for the exchange in the region. The statement emphasized that Coinbase will continue its efforts to expand its operations in European countries.
Recent actions taken by US regulators, including the lawsuits filed against cryptocurrency exchanges Binance and Coinbase by the US Securities and Exchange Commission (SEC) in June, have received strong reactions from the crypto industry. SEC Chairman Gensler has been one of the most criticized figures among officials.
Many crypto companies facing regulators in the US have started to expand their operations outside of the country. With the recent approval of the MiCA regulation by the European Union and an important milestone in crypto regulations, European countries have become more attractive for crypto companies.
Ripple and Galaxy Digital, among many other digital asset companies, have recently started intensive efforts to expand their activities in European countries and take concrete steps. Coinbase, in a recent official announcement, revealed a critical move for the future of the exchange in this context.
US-based cryptocurrency exchange Coinbase shared a new blog post during the day and made a critical announcement for the future of the exchange. The official announcement stated that Germany will be the talent hub for Coinbase.
Coinbase, stating that they continue their efforts to expand their activities in European countries, emphasized that the innovation-friendly approach in Germany and the regulatory clarity in the region played a critical role in this decision. Highlighting the increasing adoption of digital assets in Germany, Coinbase shared various statistics regarding the demand for blockchain technology and crypto assets in the country, and made a brief statement explaining why Germany will be the talent hub for the exchange in the region. The statement by Coinbase included the following:
“Our operations in Germany as a regional talent hub will play an integral role in sourcing and developing local crypto talents. As we expand across the region, having the right talents to localize our product offering is crucial.”