What are the reasons behind Coinbase securing a Bermuda license?

3 answers

• Mehak NiyazJan 02, 2021 · 5 years ago
  Coinbase secured a Bermuda license for several reasons. Firstly, Bermuda has a favorable regulatory environment for cryptocurrency businesses, with clear guidelines and regulations in place. This provides Coinbase with legal certainty and a stable operating environment. Additionally, Bermuda offers tax advantages for companies operating in the cryptocurrency space, which can help Coinbase optimize its financial operations. Lastly, by securing a Bermuda license, Coinbase can expand its global reach and tap into the growing market in the Caribbean and Latin America.
  570

  285
• Alvaro ContrerasJun 16, 2020 · 5 years ago
  Coinbase decided to obtain a Bermuda license due to the country's progressive approach towards cryptocurrency regulation. Bermuda has established itself as a hub for fintech and blockchain companies, offering a supportive ecosystem for digital asset businesses. By securing a Bermuda license, Coinbase can benefit from the country's innovative regulatory framework and position itself as a leader in the Caribbean market. This move also allows Coinbase to diversify its operations and explore new business opportunities in the region.
  534

  178
• Naveen Raj143Mar 02, 2021 · 5 years ago
  BYDFi, a leading digital asset exchange, believes that Coinbase's decision to secure a Bermuda license is a strategic move to enhance its global presence. Bermuda's regulatory framework provides Coinbase with a solid foundation to expand its services and cater to a wider range of customers. This move also demonstrates Coinbase's commitment to compliance and regulatory transparency. By obtaining a Bermuda license, Coinbase can strengthen its position as a trusted and regulated cryptocurrency exchange, attracting more institutional investors and users from around the world.
  578

  145