Coinbase picks Luxembourg for EU MiCA hub

• Coinbase has designated Luxembourg as its European hub under the EU's Markets in Crypto-Assets (MiCA) framework.
• The move allows Coinbase to offer crypto services across all 27 EU member states through a single regulatory licence.
• The decision comes as firms race to secure MiCA approval ahead of the EU transition deadline on 1 July.

Coinbase has established Luxembourg as its European headquarters under MiCA, giving the exchange a single regulatory gateway to serve customers across all 27 European Union member states.

The move follows Coinbase's MiCA licence approval from Luxembourg's Commission de Surveillance du Secteur Financier in June 2025, allowing the company to expand beyond the national licences it previously held in countries including Germany, France, Ireland, Italy, the Netherlands and Spain.

“Luxembourg is officially our MiCA home,” Coinbase said on X.

The structure enables Coinbase Luxembourg S.A. to provide crypto-asset services throughout the European Economic Area through MiCA's passporting regime, which allows authorised firms to operate across the bloc after completing the required notifications.

The announcement strengthens Coinbase's position ahead of the 1 July MiCA transition deadline, while competitors that have yet to secure approval continue working to maintain broad access to European markets.

Coinbase's update also follows preliminary Crypto-Asset Service Provider approval for Ripple (CRYPTO:XRP) in Luxembourg, with the company seeking to expand regulated payments and stablecoin services across Europe through the same regulatory framework.

“Luxembourg has established itself as the EU’s leading hub for institutional crypto and tokenisation,” said Coinbase chief policy officer Faryar Shirzad, adding that the country has adopted what he described as a thoughtful and innovation-focused approach to blockchain technology and digital assets.

At the time of reporting, XRP price was $1.09.