CandleFocus Coinbase licensed by NYDFS for virtual currency services
2024-12-03
Author: Content Editor
Coinbase has received approval from the New York State Department of Financial Services (NYDFS) to operate in New York, allowing the company to legally offer its crypto services in one of the most regulated markets in the U.S. This milestone strengthens Coinbase's commitment to meeting regulatory standards and boosting user confidence in its legal compliance and security. The license also helps Coinbase expand its customer base and provide a secure, compliant platform for trading cryptocurrencies. Coinbase has also obtained licenses from other regulators and state authorities, helping it meet legal requirements and build trust in the crypto market. With these licenses, Coinbase can now offer its services to New York residents and businesses and solidify its position as a trusted leader in the cryptocurrency space.
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