Coinbase gets Major Payment Institution license for crypto exchange

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Coinbase gets Major Payment Institution license for crypto exchange

Coinbase, the biggest U.S.-based cryptocurrency exchange, announced on Sunday that it has received a Major Payment Institution license from Singapore's central bank, enabling the exchange to expand its digital payment token services in the country for institutional and retail investors.

Cryptocurrency exchange Coinbase, a Nasdaq-listed cryptocurrency exchange, got regulatory approval to offer perpetual futures trading by the Bermuda Monetary Authority last Thursday. At the end of August, the company acquired a controlling interest in Circle Internet Financial, which owns the USDC stablecoin.