Coinbase Plans European Expansion despite Crypto Market Turmoil

Cryptocurrency exchange, Coinbase is considering expanding its footprint within Europe, thus widening its operations outside its American home market.

In an interview with Bloomberg, the crypto platform’s Vice President of Business Development and International, Nana Murugesan, also revealed that the exchange is already in the process of registering in several European markets, including Italy, Spain, France, and the Netherlands.

Meanwhile, Coinbase already has some presence in Europe and the United Kingdom. It is already registered with the regulators in the UK, Ireland, and Germany. The report further revealed that the exchange hired its first employee in Switzerland.

“In all these markets our intention is to have retail and institutional products,” he said. “It’s almost like an existential priority for us to make sure that we are able to realize our mission by accelerating our expansion efforts.”

The American crypto exchange is also looking for  acquisition 
Acquisition

Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant’s service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There are many ways to acquire or to take the acquisition of property and services. How Companies Utilize AcquisitionsIn finance, the term acquisition is most often used when referring to taking control of a company. An acquisition can be either an agreed deal or a hostile takeover. Companies also may acquire units of a company, property, or other assets. An acquisition is when one business, person, or company purchases most if not of another company’s shares to gain control of that company. Buying more than 50% of a target firm’s stock and other assets allows the acquirer to make decisions about the newly acquired assets without the approval of the company’s shareholders. In finance, there are several types of acquisitions that one speaks of when referring to…