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Crypto exchange Coinbase looks to expand footprint in Europe

Reuters logo Reuters 1/7/2022
FILE PHOTO: Illustration shows a representation of the cryptocurrency and Coinbase logo © Reuters/DADO RUVIC FILE PHOTO: Illustration shows a representation of the cryptocurrency and Coinbase logo

(Reuters) - Cryptocurrency exchange Coinbase Global Inc said on Friday it was looking to expand in some European markets, even as the digital asset market continues to experience a downturn.

The company is in the process of expanding in France, Italy, Spain and the Netherlands, it said in a blog post, adding that it was aiming to launch its retail, institutional and developer products in all those markets.

In June, Coinbase slashed 1,100 jobs, constituting nearly 18% of its workforce.

(Reporting by Niket Nishant in Bengaluru; Editing by Shailesh Kuber)

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