Crypto Exchange Coinbase (Coin) has become the greatest crypto exchange to operate in the United Kingdom after obtaining a place in the register of the Financial Conduct Authority (FCA), allowing it to offer for the first time the cryptography services in the country.
“He opens up new channels and opens up the possibility of launching new products and services,” said Keith Grose, British CEO of Coinbase, in an interview.
Coinbase has spent the last six months working Monday approvalsaid Grose. By becoming a recorded company, Coinbase can offer both cryptography and cash flow For investors and merchants in the United Kingdom
It is difficult to win a place in the register, only 14% of candidates have succeeded.
Coinbase already had a presence in the United Kingdom through its subsidiary CB Payments Ltd., which has provided electronic money services since 2018. The unit based in London has not directly offered cryptocurrency services, But acted as a bridge so that customers exchange the crypto on the entities in the Coinbase group.
“Our new UK VSP recording will mean that CBPL can not only continue to provide our customers with Fiat services, but can now also provide crypto services,” said a spokesperson for Coinbase.
Coinbase will also be able to speak directly to the FCA of its communications and its plans without counting on a third -party approval because it was necessary in advance.
“We are delighted to talk about things like the development, of the future of stablecoins in the United Kingdom, and be registered (provider of virtual assets) is one of them for us,” said Grose, alluding to the diet Cryptographic entering the FCA.
