Coinbase Secures UK Digital Asset Approval

Coinbase Approved to Offer Digital Asset Services in UK

• Coinbase received a Virtual Asset Service Provider license from UK regulators.
• The license enables Coinbase to offer digital asset trading to institutional and retail clients in the UK.
• Coinbase Payments, a subsidiary, has provided e-money services in the UK since 2018.
• The approval follows an investigation into Coinbase Payments for “unintentional breaches” of a voluntary agreement.
• The UK is now Coinbase’s second-largest market, with the US being its largest.

With this new VASP license, Coinbase can expand its crypto offerings in the UK, marking significant growth beyond its primary US market. The company aims to onboard one billion people globally into crypto.