Coinbase Registers as Crypto Exchange and Wallet Provider in Spain

U.S.-based crypto exchange Coinbase has obtained a registration in Spain that will allow it to offer a range of services for digital assets.

Cryptocurrency Exchange Coinbase Registers With the Central Bank of Spain

Leading U.S. digital assets trading platform Coinbase has registered as a crypto exchange and custodian wallet provider with the Bank of Spain. The firm said this week the registration will allow it to offer its full suite of products and services to both retail and institutional customers in compliance with in Spain’s laws and regulations.

Coinbase users in Spain will now be able to buy and sell cryptocurrencies with fiat, trade crypto assets and have access to crypto custody on its platform, the exchange detailed.

The U.S. company further highlighted that close to 30% of adults in Spain believe crypto is the future of finance and that cryptocurrencies like bitcoin are now the second most popular payment method in the Mediterranean nation, overtaking bank transfers, while over 60% of Spanish citizens look to crypto assets for long-term investments.