Coinbase gets Major Payment Institution license

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Coinbase gets Major Payment Institution license

Coinbase, the largest U.S.-based cryptocurrency exchange, has obtained a Major Payment Institution license from Singapore's central bank, which allows the exchange to expand its digital payment token services for institutional and retail investors.

Blockchain, a Nasdaq-listed cryptocurrency exchange, got regulatory approval to offer perpetual futures trading from the Bermuda Monetary Authority last Thursday. At the end of August, the company acquired an equity share of Circle Internet Financial, the issuer of the USDC stablecoin.