Coinbase Gains FCA Approval to Offer Crypto in the UK

• Coinbase secures FCA registration, allowing it to offer crypto services directly in the UK, strengthening its European market position.
• Coinbase expands globally with VASP registration in Argentina and futures filings for Solana and Hedera with the CFTC. 

Coinbase has now been registered with the UK’s Financial Conduct Authority (FCA), allowing it to provide cryptocurrency services directly to users in the country. The action signifies a fresh phase of Coinbase’s growth and helps it to maintain its position in Europe’s more strict digital asset rules.

JUST IN: @COINBASE SECURES SPOT ON UK FINANCIAL CONDUCT AUTHORITY (FCA) REGISTER, ALLOWING IT TO OFFER CRYPTO SERVICES IN THE COUNTRY FOR THE FIRST TIME ~ COINDESK

— BSCN Headlines (@BSCNheadlines) February 3, 2025

Coinbase Gains Direct Access to UK Crypto Market

Previously running in the UK through its company, CB Payments Ltd., which manages e-money services but cannot directly provide crypto services, Coinbase is without having to go through a third party. UK consumers can now access crypto services more quickly and safely by using Coinbase’s FCA registered account.

Now that it’s officially registered, the company can work directly with UK regulators and roll out new services that meet FCA standards—great news for one of Europe’s biggest crypto hubs.

Bringing Local Payment Options to Millions in Argentina

Not just in the UK, as we previously reported, Coinbase also lately registered as a Virtual Asset Service Provider (VASP) in Argentina.

Nowadays, crypto use in Argentina is growing rapidly. Around five million people already use digital assets daily, and 87% believe it helps them gain more financial freedom. Based on the great potential Coinbase sees in the nation with significant inflation, its expansion there is a strategic one.

On the other hand, Coinbase is beginning to be more visible in the derivatives market in addition to emphasizing consistent trading services. Recently applying to list future contracts for Solana and Hedera with the Commodity Futures Trading Commission (CFTC) in the United States, Coinbase Derivatives lately Under Caroline Pham’s direction, this is the first application among mounting demand for crypto ETFs and derivative products.

The action reflects Coinbase’s goal to provide institutional and retail clients with new investing choices. Should approval be granted, these futures products may expose digital assets in traditional markets, hence boosting liquidity and trade volume.