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Journalist
Tanzeel Akhtar
Journalist
Tanzeel Akhtar
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Coinbase confirmed on Monday that it has secured its Virtual Asset Service Provider (VASP) registration in the UK, solidifying its presence in the market.
In a blog post, Coinbase said the registration issued by the Financial Conduct Authority (FCA) allows the exchange to offer both cryptocurrency and fiat services in the UK—its largest international market.
This latest approval reinforces Coinbase’s position as the country’s leading registered digital assets platform.
“The UK Government and the FCA are developing welcome regulation for the crypto sector, hopefully joining the growing trend of countries embracing economic freedom and free markets,” said Coinbase.
Countries worldwide are beginning to recognize that digital assets have the potential to fuel prosperity, and the UK is positioning itself at the forefront of this movement.
A VASP can be defined as a business engaged in crypto asset-related activities.
Coinbase Strengthens UK Presence with VASP Approval
Coinbase said it has consistently championed the belief that cryptocurrency can empower people and create economic opportunities on a global scale.
Securing VASP registration in the UK is a crucial step toward realizing this vision.
The company said it remains committed to onboarding the next one billion people into the crypto economy while upholding the highest standards of security and regulatory compliance.
This latest registration is an essential component of Coinbase’s broader international strategy.
The company said it is actively collaborating with regulators across multiple jurisdictions, reinforcing its dedication to responsible growth.
By working closely with policymakers, Coinbase intends to promote a technology-forward and innovation-driven regulatory environment that supports the crypto industry.
The impact of this development extends beyond Coinbase’s operations. As digital assets gain mainstream adoption, the UK is positioned to benefit from increased investments, job creation, and technological advancements.
Traditional financial institutions are already leveraging innovations like stablecoins to transform payment systems, further highlighting the real-world utility of blockchain technology.
Coinbase said it is excited to be part of the UK’s journey into the future of digital finance. This latest approval cements Coinbase’s presence in the UK market.
Coinbase Acquires Spindl to Enhance Blockchain Marketing
Recently, Coinbase acquired Spindl, an onchain advertising and infrastructure platform, to improve visibility for projects built on its Ethereum layer-2 network, Base.
The acquisition is part of Coinbase’s initiative to expand blockchain-based advertising tools and improve project visibility.
Announcing the acquisition on January 31, Coinbase stated that Spindl is rebuilding ad technology onchain to provide decentralized advertising solutions for blockchain projects.
