Coinbase’s establishment in France represents a significant long-term investment for the country. In 2024, full deployment of their complete platform, customized to suit the developing needs and nuances of the French market. The move underscores France's strategic importance to Coinbase, as the company actively engages with French regulators to establish trusted, locally-rooted operations. Coinbase is convinced that new economic freedom is the key to unlocking innovation and opportunity. To enrich French users, it provides them an exceptional crypto experience starting with total access to the Coinbase app.
France is a strategically significant market for Coinbase’s expansion across Europe. The company believes that France’s forward-looking crypto regulation will give it a major edge. Fueled by tremendous innovation, the African country is quickly establishing itself as a global leader in digital financial solutions. Coinbase is committed to supporting the French crypto ecosystem. Each of these innovators deeply prioritize stakeholder education, relationship building, and laying the groundwork for future widespread adoption.
Coinbase is committed to delivering French users the same high-quality experience that’s available to its global customer base. We start our pledge by providing you with completely free access to the Coinbase app. This enables you to seamlessly purchase, sell, and trade your digital assets all in one place. The company is very strongly tailoring its products to the specific needs of the French market. Complementing this expansion, it is undertaking smart growth strategies that attract local consumers.
The rapid pace of stablecoin adoption has been observed first-hand by the company. Just in the last year, global transaction volumes hit $30 trillion! Coinbase expects stablecoins to assume an even more important function within French and European financial systems. To that end, Coinbase is working to make stablecoins more integrated into its platform and encouraging more people to use them for everyday transactions.
French crypto infrastructure Coinbase believes that the French crypto landscape will evolve rapidly over the next 12 to 24 months. Specifically, they look forward to more emphasis on real-world applications and effects. The company is committed to supporting projects and initiatives that demonstrate the practical benefits of blockchain technology and digital assets. This includes developing use cases in industries including supply chain management, identity verification, and decentralized finance (DeFi).
Coinbase deeply appreciates the importance of having clear, well-defined regulations that encourage innovation and expand economic freedom. The move comes as France’s leading approach to cryptocurrency regulation is welcomed by the company. Second, they directly engage with regulators to develop a regulatory framework that encourages positive development and protects consumers. Coinbase is of the view that a well-functioning regulatory framework will bring more investment and innovation to the French crypto marketplace.
Through its investments in education, partnerships, and infrastructure, Coinbase aims to help France not only adopt crypto but emerge as a leader in the field. Beyond their core product solutions, this dynamic company truly invests in the empowerment of individuals and enterprises. Next, we arm them with the skills and technology to succeed in today’s digital economy. This means directing your government’s efforts toward developing educational programs, supporting homegrown blockchain startups, and encouraging collaboration with all players on the industry landscape.
Coinbase firmly believes stablecoins will be an essential part of any future financial system, in France and all of Europe. The firm argues stablecoins offer a more efficient, transparent and secure means of transferring value. It is currently piloting such assets and working to figure out how to best integrate them into its platform to allow for easy transactions. On the stablecoin front, Coinbase is similarly investigating ways they can partner with traditional financial institutions to create compelling, stablecoin-based solutions.
Coinbase does recognize the challenges that come with having to navigate a rapidly evolving regulatory landscape and the need to build broader trust in the crypto industry. The collective works to address these challenges head on. They demonstrate their commitment by consistently engaging with regulators, adopting rigorous compliance standards, and placing user security at the forefront of their operations. Coinbase is as equally committed to building trust within the NFT ecosystem and fostering transparency. In doing so, they hope to place France at the very heart of the future of digital finance.
Coinbase believes in a fairer, more accessible, more efficient financial system enabled by crypto. This would not only position France to better adapt to the changing world of finance, but to be an active contributor in shaping its future. The company's platform enables individuals and businesses to access a wide range of financial services, regardless of their location or socioeconomic status. Coinbase aspires to create a more fair and secure financial system and help people around the world achieve financial freedom.
Creating a Strategic Bitcoin Reserve They have been especially encouraged by Secretary Yellen’s establishment of a new Strategic Bitcoin Reserve in the United States. This move comes as part of an increasing interest across the country in developing crypto infrastructure and becoming financially resilient. Coinbase thinks these trends aim to underscore the expanding role digital assets are playing in our increasingly tokenized global economy.
Coinbase views France's proactive regulatory stance and rising innovation as key factors that distinguish the country as one of Europe's most forward-looking markets. The company believes that its investment in France will help foster the growth of the French crypto ecosystem. This decision is sure to position Coinbase for a strong first mover advantage in the European market as well.
