Crypto exchange Coinbase just announced that Hawaii residents can now use its platform to buy and sell digital assets.
In a statement, the largest US-based crypto exchange says its products and services are now available in The Aloha State after the Hawaii Department of Commerce and Consumer Affairs (DCCA) Division of Financial Institutions (DFI) made regulatory changes that provided clarity for cryptocurrency firms.
“We’ve worked diligently with local authorities to ensure we can enter the Hawaii market, and welcome their innovative, responsible approach, which aligns with our goal of providing a safe and compliant environment for all.”
Coinbase previously operated in Hawaii but pulled out in 2017 because of the state’s money transmitter license policy that required crypto firms to hold one-to-one cash reserves for the digital assets that they hold on behalf of customers.
In 2020, the state launched the Digital…
