Crypto exchange Coinbase has become the largest crypto exchange in the UK after receiving approval from the Financial Conduct Authority (FCA) to offer crypto services. By becoming a registered firm, Coinbase can now provide both crypto and cash services to investors and traders in the UK. The approval allows Coinbase to launch new products and services and have direct communication with the FCA regarding its plans. Only 14% of applicants have succeeded in gaining a spot on the FCA register. Coinbase already had a presence in the UK through its subsidiary CB Payments Ltd., which provided e-money services.



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