Crypto Exchange Coinbase (COIN) became the largest cryptographic exchange in operating in the United Kingdom after ensuring a place in the registration of the Financial Behavior Authority (FCA), allowing him to offer cryptographic services in the country for the first time.
“Open new channels and open the ability to launch new products and services,” said Keith Grose, CEO of the United Kingdom in Coinbase, in an interview.
Coinbase has spent the last six months working for Monday’s approval, Grose said. By becoming a registered company, Coinbase can offer crypto and effective For investors and merchants in the United Kingdom
Obtaining a place in the registry is a challenge, only 14% of applicants have succeeded.
Coinbase already had a presence in the United Kingdom through its CB Payments Ltd. that customers exchange crypto in entities within the Coinbase Group.
“Our new Vasp record of the United Kingdom will mean that CBPL can not only continue providing our customers with Fiat Services, but now it can also provide encryption services,” said a Coinbase spokesman.
Coinbase can now also speak with the FCA directly about its communications and plans without relying on a third -party approval, since it was necessary in advance.
“We are excited to talk about things like the rethinking, the future of Stablecoins in the United Kingdom and being [virtual asset service provider] Registered is part of that for us, “Grose said referring to the incoming cryptographic regime of the FCA.
