Coinbase wins UK FCA approval as registered crypto service provider
The UK is now Coinbase’s largest market outside the US as the exchange hints at further expansion to the east.
Coinbase won approval from the United Kingdom’s Financial Conduct Authority (FCA) as a registered virtual asset service provider (VASP).
The cryptocurrency exchange said in a Feb. 3 news release shared with Cointelegraph that the approval cemented its status as the country’s largest registered crypto exchange.
The FCA’s greenlight grants the Nasdaq-listed exchange the ability to serve both retail and institutional customers and offer crypto-to-fiat services in one of its most important international markets. The UK is now Coinbase’s largest market outside the US, where it is headquartered.
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Author: Yohan Yun
