Coinbase has acquired the Cyprus unit of BUX, a move that grants the US-listed cryptocurrency exchange a Cyprus Investment Firm (CIF) license. This license allows Coinbase to offer contracts for differences (CFDs) products and also allows the exchange to provide financial services across other European Economic Area member states. The acquisition seems to be focused on obtaining the license and operational infrastructure rather than gaining access to BUX's client base. Coinbase is targeting professional and institutional clients with its offerings under the Cyprus license. Other cryptocurrency exchanges, such as Crypto.com and Bybit, have also shown interest in CFDs.



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