• Coinbase has partnered with the Austrian fintech firm Bitpanda to offer institutional trading services outside of the United States.
• The partnership will allow Bitpanda to make use of Coinbase’s liquidity services and Coinbase Prime’s custody solution.
• It will also enable Coinbase to work with European banks and fintech companies through the partnership.
Coinbase Partners With Bitpanda In EU Expansion
Binance cryptocurrency exchange has announced a temporary suspension of deposits for 10 multichain-bridged tokens. Florida Gov. Ron DeSantis has promised to protect Bitcoin while opposing a Central Bank Digital Currency (CBDC). Celsius Network’s assets have been won by Fahrenheit in an auction, and Ripple CEO Brad Garlinghouse predicts a court ruling on the SEC case in „weeks“. Additionally, All Elite Wrestling is venturing into NFT space despite WWE Moonsault’s declining engagement.
Coinbase And Bitpanda Reveal EU Partnership
Cryptocurrency exchange Coinbase has partnered with the Austrian fintech firm Bitpanda, Fintech Finance reported on May 23. This partnership will allow both companies to offer institutional trading services outside of the US, as well as utilize each other’s services such as Coinbase’s liquidity and Prime’s custody solution, and Bitpanda’s KYC-as-a-service capabilities which allows institutional clients to quickly integrate API and white-labeled services. According to Coindesk on May 24, this partnership also enables Coinbase to work with European banks and fintech companies. Guillaume Chatain, Head of Institutional Sales EMEA & APAC at Coinbase said that they believe crypto and blockchain can “increase economic freedom and opportunities around the world.“
Brian Armstrong On Potential Uprooting Of US Headquarters
In April 2021, Coinbase CEO Brian Armstrong mentioned considering uprooting his company’s US headquarters due to regulatory hostilities in the country; however he later clarified that they are looking for ways “to stay in America“ but still be able to meet their global mission goals without compromising their principles or values. He added that they are exploring whether it would be better for them “to operate two separate branches – one focused on serving customers within U.S., Canada and Latin American markets [and] another focused on international markets.“ Armstrong also stated their efforts towards creating more financial inclusion worldwide by focusing on countries where there is potential for growth like India or African countries like Kenya or Nigeria who have seen rapid digital payments adoption over recent years.
Coinbase Exploring Global Opportunities
With its recent partnerships in Europe along with its push into emerging markets such as India or Africa, it appears that Coinbase is determined to explore every opportunity available globally when it comes expanding its reach outside of United States; however it remains unclear if these efforts would suffice in counteracting any potential regulations from U.S government should they decide against remaining headquartered in America altogether – something which could become necessary if current hostile climate continues for much longer period than we currently anticipate