Overview

• 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.