One of the top cryptocurrency exchanges by trading volume, Coinbase, has now acquired the MiCA license from Luxembourg’s Commission de Surveillance du Secteur Financier.
The announcement suggests that with the license, the exchange now has the power to operate across 27 EU member states.
With access to a new cryptocurrency exchange, more citizens of the countries may feel inclined to trade cryptocurrencies. This could heighten the trading volume, leading to the growth of the cryptocurrency market. As hope remains for this development to make the BTC price reach new highs, the time has come to find the best crypto to buy now.
Access to Over 450 Million New Potential Customers – Coinbase
With this partnership, Coinbase states that it will now have access to over 450 million potential customers in the European Union member states.
Another reason this could be considered bullish news for the entirety of the cryptocurrency market is that Luxembourg is very progressive when it comes to crypto regulations, especially considering its “whole-of-government” approach toward blockchain adoption.
“This new hub represents a landmark step forward for Coinbase in Europe and strengthens the broader innovation ecosystem,” writes Coinbase in its official announcement.
The license has a lot more significance than face value. For one, with it, Coinbase has become the first US cryptocurrency exchange to get the license. Gemini is also in pursuit of the license. However, it has chosen Malta as its hub.
In an interview with CNBC, Coinbase head Brian Armstrong said, “Coinbase is all in on Europe, and we’re advocating for crypto’s future across the continent.”
Talking about the significance of the MiCA license, he further added, “MiCA has set the standard, and Luxembourg is leading the way with its pro-business climate and thoughtful approach to regulation.”
Impact on the Cryptocurrency Market
Coinbase’s entry as a licensed cryptocurrency operator in the European Union means investors in the region now have access to richer options. It also works as a way to communicate the progressiveness of cryptocurrency regulations.
This could work as a way to put people’s minds at ease when it comes to crypto, which means more newcomers, leading to an uptrend in the cryptocurrency market.
That being said, this news has had no impact on the BTC price for now, and the apex crypto has even gone down in price due to worsening geopolitical conditions.
Best Crypto to Buy Now
As sooner or later eyes will be on the market, investors looking for smart investment choices should consider investing in crypto presales.
BTC Bull
BTC Bull is a meme coin that is set to launch on exchanges soon, and given the current level of traction, it may end up on exchanges like Coinbase before the year end. This could give EU investors an opportunity to make gains through a meme coin inspired by the Bitcoin ecosystem.
BTC Bull is a social asset designed to capitalize on Bitcoin’s price growth in a more substantial manner. It has created two mechanics, token burns and Bitcoin airdrops, both of which are focused on bringing more value to investors through different means.
Bitcoin airdrops could create new holders of BTC, and token burn is a way for BTC Bull to tap into the supply-demand mechanic to grow in value.
Nothing else when it comes to perks has been highlighted with this project, which gives it an edge over meme coins that feign to have a long-term utility but have nothing to show for it.
Having raised over $7 million already, BTC Bull could be the best crypto to buy now for investors looking for short-term gains.
SUBBD
SUBBD is a content creation platform featuring many content creators from the European Union, which means it naturally has a chance to explode in the region provided it gets listed on Coinbase once its presale concludes.
What makes SUBBD different is that, despite being focused on content creation, its main goal is also about providing users an AI agent ecosystem. Content creators can enhance their content through prompts, or even create AI influencers. They could also use the automated tools in order to manage content more easily while focusing on their real task — content creation.
https://twitter.com/SUBBDofficial/status/1933586274134147395
Gamification tools have also been introduced within the ecosystem, complete with XP multipliers and exclusive perks. Fans of these creators could also gain an advantage by getting better content and unique earning opportunities that could not be found on the standard OnlyFans.
Experts like ClayBro have predicted that this utility project could lead to big gains in the future as well.
Bitcoin Hyper
Bitcoin Hyper is a different style of project focusing on providing an L2 solution to the standard Bitcoin network and injecting it with use cases that were never done before.
Its robust ecosystem focuses on two narratives — memes and use cases. With memes, the idea is to create a positive vibe around Bitcoin.
And with its L2 solution, the idea is to make the standard Bitcoin network faster, scalable, and smart contract capable.
With its tools ranging from an L2 scaling solution to a canonical bridge, Bitcoin Hyper’s goal is to evolve the Bitcoin economy and make it more than just an asset used as a “store of value.” Its adoption of the Solana Virtual Machine will reportedly allow more decentralized applications to be built on the Bitcoin network, a feat that could help Bitcoin Hyper gain new heights as time goes on.
While much of its use cases are complex, the whitepaper shows that the devs have the technical know-how to implement them.
In fact, experts like 99Bitcoins have analyzed whether Bitcoin Hyper could become a Bitcoin alternative in the future.
Snorter
Snorter is a Solana-themed project that has generated a lot of buzz thanks to its fundamentals that focus on finding and investing in the best Solana coins when they arrive on the market.
Portraying the themes of the project is an aardvark, where its snort has been likened to the act of snorting profits from the volatile cryptocurrency market.
Snorter is offering a trading bot on Telegram that will offer autosniping capabilities, allowing users to find the best Solana meme coin as they arrive on the market. The bot is also equipped with honeypot and rugpull protection tools to ensure that users are ending up with the right asset.
The arrival of Coinbase in EU countries could make a lot more investors interested, who may then try to enter the meme coin investment space. For them, Snorter could provide a safer way.
Analysts are very bullish on this asset, with some like Apex Syndicate saying that it could be the 100x asset the market needs right now.
Conclusion
The quest to find the best crypto to buy now takes users to focus on the latest market updates, and Coinbase’s recent acquisition of the MiCA license is one that could be the catalyst for the growth of the cryptocurrency economy. While its effect on the market hasn’t been immediate, hopes are high that it could bring in more traders, helping the BTC price once again take an upward trajectory.
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