Crypto: Coinbase Approved for UK Services

Coinbase Gains FCA Approval for Direct Crypto Services in UK

• Coinbase’s UK subsidiary, CB Payments Ltd., received FCA approval to offer crypto services directly in the UK.
• The registration positions Coinbase as the largest digital assets player in the UK market.
• CBPL has held e-money institution authorization since 2018 but faced a £3.5 million fine for regulatory breaches in July.
• The FCA registration allows Coinbase to provide services directly to UK customers without intermediaries.

Coinbase’s recent FCA approval solidifies its status as the largest digital assets player in the UK, enabling direct crypto services and marking a significant milestone after overcoming previous regulatory challenges.