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Bitcoin traders often treat old-coin movement as a sign that long-term holders are waking up. Coinbase’s $69.5 billion BTC migration suggests that signal may be less reliable than it looks.
The regulator fears that Coinbase might overstep that role and act as a brokerage.
The license enables Coinbase to offer its complete range of cryptocurrency services to both retail and institutional users in Spain while adhering to the nation's legal framework.
Coinbase is a publicly listed digital asset platform that operates one of the largest regulated crypto exchanges in the United States.
