Crypto Exchange Coinbase (coin) became the largest crypto exchange to operate in the UK after obtaining a place in the Financial Conduct Authority (FCA) register, allowing it to offer crypto services to the country in the first – opportunity.
“It opens new channels and opens the ability to launch new products and services,” Keith Grose, CEO of Coo, said in an interview.
Coinbase spent the last six months working towards Approval of MondayGrose said. By being a registered firm, Coinbase can offer both crypto and cash For investors and merchants in the UK
Having a register area is difficult, only 14% of applicants have succeeded.
Coinbase already has the existence in the UK by subsidiary of CB Payments Ltd. Within the coinbase group.
“Our new UK Vasp registration means that CBPL can not only continue to provide our customers with FIAT services, but can also provide crypto services,” a Coinbase spokesperson said.
Coinbase will also talk to the FCA directly about its communications and plans without relying on A third-party approval As required before.
“We are excited to talk about things like staking, the future of Stablecoins in the UK, and being (Virtual Asset Service Provider) is registered is part of it for us,” Grose said Talking to the incoming FCA crypto regime.
