Nasdaq-listed Coinbase (COIN) has gained UK regulatory approval to offer equities and derivatives alongside cryptocurrencies, expanding its product suite in one of its largest international markets.
The new license allows institutional and advanced traders to access cryptocurrency, stock and commodity perpetual futures, Coinbase said in a blog post. UK retail customers will also be able to trade shares on Coinbase for the first time.
The authorization is in addition to Coinbase’s e-money license and cryptocurrency registration in the United Kingdom. The company received FCA cryptoasset registration in February last year, allowing it to provide crypto and fiat services in the country.
UK users are getting access to products that Coinbase has started rolling out overseas. US users already have access to trading stocks and exchange-traded funds, while eligible non-US clients can trade USDC-settled stock perpetual futures on large-cap names including Apple, Microsoft and Tesla.
Coinbase has also said it plans to offer tokenized shares backed one-for-one by US stocks to eligible non-US users. Those products are intended to give investors ownership of the underlying shares, including dividends.
