Coinbase, a US-listed crypto exchange, has acquired the Cyprus subsidiary of BUX (formerly Stryk) and renamed the entity Coinbase Financial Services Europe. BUX CEO Yorick Naeff also confirmed the deal. With the acquisition, Coinbase now holds a Cyprus Investment Firm (CIF) license, which authorizes it to offer contracts for difference (CFD) products. In addition, Coinbase can use this Cyprus license to offer financial products to other European Economic Area (EEA) member countries. The Cyprus Securities and Exchange Commission (CySEC) registrar confirmed that the domain name “coinbase.com/international-exchange/europe” has been approved by the regulator, but is not yet live. Although Coinbase has not officially confirmed it, Coinbase appears to be targeting professional and institutional clients with the services it offers under its Cyprus license. (Finance Magnates)