Coinbase has achieved Virtual Asset Service Provider (VASP) registration in the United Kingdom.
On Feb. 3, Coinbase’s Chief Policy Officer Faryar Shirzad announced the development on social media platform X and said that this milestone makes the exchange the largest registered VASP in the UK.
He explained:
“Governments around the world are embracing digital asset technology to update the financial system and catalyze economic empowerment. It’s an exciting time to build, and gratifying to have the UK take concrete steps to grow the crypto ecosystem at home.”
This move is a significant regulatory milestone for the exchange, considering the UK’s Financial Conduct Authority (FCA) has rejected most crypto-related registration applications in the past year.
Coinbase’s successful registration raises the total number of approved crypto platforms in the country to approximately 50.
Before this registration, Coinbase’s UK operations were managed through CB Payments Ltd., a subsidia
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