Coinbase has revealed its international expansion plans
Coinbase has revealed its international expansion plans
Cryptocurrency exchange Coinbase has revealed the non-U.S. countries it is prioritizing for expansion in the near future, citing their relatively clearer cryptocurrency laws.
Coinbase said that according to the second phase of its "Go Broad, Go Deep" international expansion strategy, the list of priority countries for licensing, registration, establishing, and strengthening operations in "Go Deep" markets includes the European Union, the United Kingdom, Canada, Brazil, Singapore, and Australia.
According to information published on Coinbase's blog, the main factors in selecting the countries were: clearer regulatory policies for cryptocurrencies and government support for the development of the digital asset market.
In addition, as part of its strategy, the exchange intends to expand partnerships with banks, local institutions, payment providers, major players, startup ecosystems, and culturally relevant brands.
Coinbase also intends to increase its efforts to work with G20 members and major financial centers to help create global standards for the cryptocurrency industry.
It is worth noting that Coinbase is always looking to contribute to the renewal of the financial system by actively working with governments adopting cryptocurrency. Recently, the launch of the exchange's representative offices in Brazil and Canada was the goal of such cooperation.
"We are committed to helping update the global financial system and provide more economic freedom and opportunity, and we will not stand idly by just because the U.S. does," Coinbase said in a statement.
Further reading: Kraken expands PayPal deposit support for European users.
