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Coinbase is seeking licenses with various countries in Europe as part of an aggressive expansion in the region.
The exchange already has an active presence in the U.K., Ireland and Germany, but wants to set up operations in Spain, Italy, France, the Netherlands and Switzerland, according to Nana Murugesan, Coinbase’s vice president of international. Coinbase recently hired its first employee in Switzerland, he says.
The U.S. crypto giant is looking to international markets to drive growth amid fears of a looming “crypto winter.
