Walkers is delighted to have acted as lead legal counsel to Coinbase Bermuda Limited on its successful application for a DABA Class F digital assets business license from the Bermuda Monetary Authority to be issued to a second Bermuda entity. Coinbase Bermuda Services Limited will operate as a digital assets exchange and payment service provider and will offer spot trading an custody services to international customers.
Partner, Natalie Neto stated, "We are thrilled to been able to support Coinbase again with respect to this successful application. We are delighted that they have chosen Bermuda for the new trading venue which demonstrates its commitment to international expansion from Bermuda and is more great news for the jurisdiction".