Coinbase Secures UK VASP License, Becoming Nation's Largest Crypto Exchange

The license from the UK's Financial Conduct Authority allows Coinbase to expand its crypto services to retail and institutional investors in its second-largest market.

• Coinbase has obtained a Virtual Asset Service Provider (VASP) license from the UK's Financial Conduct Authority (FCA), enabling it to operate as a regulated crypto exchange in the country.
• The license allows Coinbase to offer fiat-to-crypto services and expand its suite of digital asset products to both retail and institutional clients in the UK.
• Coinbase has declared the UK its largest international market and views this registration as a critical step in its global expansion strategy.
• The FCA has warned that users of licensed crypto firms are not protected by the Financial Services Compensation Scheme in the event of financial losses.
• This development follows Coinbase's broader efforts to expand in Europe, with licenses already secured in countries like France and Singapore.

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