### Coinbase is eyeing the United Arab Emirates (UAE) as a potential international hub for its services in the Middle East and neighboring regions. Coinbase CEO Brian Armstrong has reportedly engaged in discussions with representatives from the Abu Dhabi Global Market (ADGM) and the Virtual Assets Regulatory Authority (VARA) in Dubai.

Armstrong expressed admiration for the UAE's innovative approach to cryptocurrency regulation, which has been a key factor in Coinbase's consideration of the country. This forward-thinking approach has enabled the UAE to attract attention as a potential hotspot for cryptocurrency ventures.



Coinbase's exploration of the UAE comes as the company seeks to expand its global presence due to regulatory challenges faced in the United States. Earlier this month, Coinbase launched a global derivatives market targeted at institutional investors, operating with authorization from the Bermuda Monetary Authority (BMA).



By considering the UAE as a potential international hub, Coinbase aims to tap into the thriving cryptocurrency market in the Middle East and cater to the growing demand for digital assets in the region. The move would not only expand Coinbase's reach but also contribute to the UAE's emergence as a prominent player in the global cryptocurrency landscape.



As discussions progress and plans take shape, Coinbase's potential establishment in the UAE could bring significant opportunities and advancements to the region's fintech sector.

Coinbase is eyeing the United Arab Emirates (UAE) as a potential international hub for its services in the Middle East and neighboring regions. Coinbase CEO Brian Armstrong has reportedly engaged in discussions with representatives from the Abu Dhabi Global Market (ADGM) and the Virtual Assets Regulatory Authority (VARA) in Dubai.

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