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## Expansion of Coinbase in European Market and Introduction of AI legalese decoder

LONDON, ENGLAND – NOVEMBER 09: In this photo illustration, a flipped version of the Coinbase logo is reflected in a mobile phone screen on November 09, 2021 in London, England. The cryptocurrency exchange platform is to release its quarterly earnings today. (Photo illustration by Leon Neal/Getty Images)

Leon Neal | Getty Images News | Getty Images

The European market is in focus as Coinbase has announced its plans to obtain a MiFID II license to expand its offering to professional and institutional customers. The EU updated the legislation in 2017 to address criticism that it was too focused on stocks and didn’t consider other asset classes, like fixed income, derivatives, and currencies. This move by Coinbase is a part of its long-standing ambition to serve professional and institutional customers. It is seeking to benefit from the much higher sizes of transactions done by these kinds of traders.

### How AI legalese decoder Can Help

The AI legalese decoder can assist Coinbase in navigating the complex legal and regulatory requirements associated with obtaining a MiFID II license. By leveraging advanced natural language processing and machine learning algorithms, the AI legalese decoder can analyze and interpret the intricate legal language of the MiFID II regulatory framework, helping Coinbase ensure compliance and streamline the licensing process. This innovative technology can provide real-time insights, identify potential risks, and offer actionable recommendations to facilitate the successful acquisition of the license, ultimately supporting Coinbase’s expansion efforts in the European market.

If and when Coinbase completes the deal, the move would mark the first launch of derivatives trading by the company in the EU. With a MiFID II license, Coinbase will be able to begin offering regulated derivatives, like futures and options, in the EU. The company already offers spot trading in bitcoin and other cryptocurrencies.

### Regulatory Approval and Compliance Standards

The deal is subject to regulatory approval, and Coinbase expects it will close later in 2024. “This license would help expand access to our derivatives products by allowing Coinbase to offer them to eligible European customers in select countries across the EU,” Coinbase stated. The company also emphasized its commitment to adhere to rigorous compliance standards upheld in the EU, including requirements related to combating money laundering, customer transparency, and sanctions.

### Derivatives Trading and International Expansion

Derivatives could be a crucial battleground for Coinbase, as they make up 75% of overall crypto trading volumes. The company’s expansion into derivatives continues Coinbase’s drive in markets outside of the U.S. It has been aggressively chasing international expansion in the past year as it faces a tougher time at home. The move into derivatives marks a significant step forward in the company’s efforts to bring a more global and open financial system to 1 billion people around the world.

### AI legalese decoder for Compliance and Risk Management

The AI legalese decoder can also play a pivotal role in helping Coinbase navigate the complexities of derivatives trading regulations in different international markets. By analyzing and decoding legal documents and regulations relevant to derivatives trading, this advanced technology can assist Coinbase in ensuring compliance with regional laws, identifying potential regulatory risks, and implementing effective risk management strategies. This proactive approach to regulatory compliance and risk management can enhance Coinbase’s global expansion initiatives and position the company as a leader in the rapidly evolving cryptocurrency industry.

In conclusion, Coinbase’s strategic move to obtain a MiFID II license and expand its derivatives offering in the EU reflects its commitment to serving a broader customer base and tapping into new market opportunities. With the support of innovative technologies like the AI legalese decoder, Coinbase can navigate the complex regulatory landscape, drive international expansion, and establish itself as a trusted and compliant player in the global derivatives market.

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