Advertisement
U.S. markets closed
  • S&P 500

    5,069.76
    -8.42 (-0.17%)
     
  • Dow 30

    38,949.02
    -23.39 (-0.06%)
     
  • Nasdaq

    15,947.74
    -87.56 (-0.55%)
     
  • Russell 2000

    2,040.31
    -15.80 (-0.77%)
     
  • Crude Oil

    78.16
    -0.38 (-0.48%)
     
  • Gold

    2,043.10
    +0.40 (+0.02%)
     
  • Silver

    22.66
    +0.02 (+0.11%)
     
  • EUR/USD

    1.0842
    0.0000 (-0.00%)
     
  • 10-Yr Bond

    4.2740
    -0.0410 (-0.95%)
     
  • GBP/USD

    1.2663
    +0.0003 (+0.02%)
     
  • USD/JPY

    150.5890
    -0.0440 (-0.03%)
     
  • Bitcoin USD

    62,309.30
    +5,229.12 (+9.16%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,624.98
    -58.04 (-0.76%)
     
  • Nikkei 225

    39,208.03
    0.00 (0.00%)
     

Germany grants Coinbase licence for crypto custody services

The logo for Coinbase Global Inc is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New York

FRANKFURT (Reuters) - Germany's financial market watchdog BaFin on Monday granted the cryptocurrency exchange Coinbase permission to provide crypto custody services and proprietary trading, the first licence it has issued for such business in Germany.

The licence allows Coinbase Germany GmbH to conduct proprietary trading of crypto assets, BaFin added.

Coinbase, which went public earlier this year, did not immediately respond to a request for comment.

(Reporting by Tom Sims; Editing by Jan Harvey)

Advertisement