Coinbase (COIN) said in a blog post on Wednesday that it has secured a licence to offer its services in Bermuda as part of its international development efforts.
The Bermuda Monetary Authority (BMA) granted the US crypto exchange a Class F licence, allowing it to operate as a digital asset exchange in that country.
The announcement comes two days after Coinbase CEO Brian Armstrong stated that the US-based exchange would consider leaving the country if clear crypto regulation is not adopted.
In March, it was reported that the exchange was in talks with institutional clients about establishing a crypto-trading platform in another country.
Coinbase’s blog post noted, among other things, doubling down on its efforts in the Canadian market as part of its “8-week international development campaign.”
The company recently hired Lucas Matheson as national director and signed a Pre-Registration Undertaking (PRU), which is a preliminary step towards becoming a regulated exchange in Canada.
Coinbase is looking at its options,in the wake of U.S regulation tightening.
T.R
