Crypto exchange Coinbase (COIN) became the largest crypto exchange to operate in the U.K. after securing a spot on the register of the Financial Conduct Authority (FCA), allowing it to offer crypto services in the country for the first time.
„It opens up new channels and opens up the ability to launch new products and services,” Keith Grose, Coinbase’s U.K. CEO, said in an interview.
Coinbase has spent the last six months working towards Monday’s approval, said Grose. By becoming a registered firm, Coinbase can offer both crypto and cash for investors and traders in the U.K.
Gaining a spot on the register is challenging, just 14% of applicants have succeeded.
Coinbase already had a presence in the U.K. through its CB Payments Ltd. subsidiary, which has provided e-money services since 2018. The London-based unit did not offer cryptocurrency services directly, but acted as a gateway for customers to trade crypto on entities within the Coinbase group.
„Our new U.K. VASP registration will
We współpracy z: https://www.coindesk.com/policy/2025/02/03/coinbase-secures-spot-on-uk-crypto-register
