Crypto exchange Coinbase weighs UAE as potential international hub

Crypto exchange Coinbase weighs UAE as potential international hub

Crypto exchange Coinbase Global Inc, at loggerheads with regulators in the US, is considering the UAE to be an international hub. “We are looking for a home to set up an international hub that could serve the long tail of countries in the world,” chief executive officer Brian Armstrong told in an interview. The UAE is well positioned to expand and serve markets in the Middle East, Africa and Asia, he said. The UAE is “leading the way regionally” in , and could be a potential international hub, Armstrong said at a panel at therecent . The region serves as a “strategic bridge” between Asia and Europe, two of its existing focus areas, the company announced in a blog. Armstrong has been vocal about the lack of clarity in current US crypto regulation, raising the possibility of relocating earlier in an escalation of the rhetoric. On Monday, May 8, Armstrong said Coinbase is not going to leave the US, an important market for the company. Regulators in the UAE are ahead of the US, Armstrong said. “I would say that the UAE’s approach has been more forward thinking than the US,” he added. has been navigating a market downturn and