U.S. Crypto Firms Migrate to Europe Amidst Regulatory Uncertainty

Coinbase and Kraken, prominent U.S. cryptocurrency exchanges, are shifting their operations to Europe in response to the uncertain regulatory landscape in the United States. The European Union’s MiCA framework offers a more clear regulatory environment compared to the fragmented regulations prevailing in the US market. This strategic move by major players like Coinbase and Kraken signals a significant shift in the crypto industry dynamics.