Coinbase, the cryptocurrency exchange, has outlined its strategy for international expansion, with a focus on obtaining licenses in prominent financial jurisdictions that have clear regulations for the crypto industry. The European Union, United Kingdom, Canada, Brazil, Singapore, and Australia are among the top priorities for Coinbase in the near term.

Earlier this year, CEO Brian Armstrong expressed openness to various possibilities, including relocating from the United States due to regulatory uncertainties. However, he later clarified that leaving the U.S. is currently not being considered.

In a recent blog post, Coinbase revealed that it is in the final stages of selecting a location for its European Union hub. The company aims to leverage its reputation as the most trusted brand in the crypto space, particularly in anticipation of the European elections in June 2024.

Additionally, Coinbase plans to expand its derivatives offerings to new markets and establish partnerships with banks and payment providers, further strengthening its position in the global cryptocurrency landscape.