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Coinbase Becomes UK's Largest VASP After Securing FCA Registration

Coinbase Global Inc. has secured registration with the UK's Financial Conduct Authority (FCA) as a Virtual Asset Service Provider (VASP)
By: DeepNewz • February 03, 2025
Coinbase Becomes UK's Largest VASP After Securing FCA Registration

Coinbase Global Inc. has secured registration with the UK's Financial Conduct Authority (FCA) as a Virtual Asset Service Provider (VASP), allowing the cryptocurrency exchange to offer crypto services in the United Kingdom for the first time.

After six months of maneuvering, Coinbase becomes the UK's largest VASP, expanding its presence in its biggest international market. The registration enables Coinbase to provide full crypto and cash services in the UK and represents an important chapter in its international expansion strategy. Previously, its CB Payments unit handled operations. This approval establishes direct lines to regulators for future product developments.

This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.

Coinbase

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