Coinbase secures UK authorization to offer traditional investments alongside crypto The license allows institutional traders to access perpetual futures and gives U.K. retail customers the ability to trade equities to begin with. – Coinbase secured UK authorization to offer…
aditional investment services, including derivatives and equities. – The license allows institutional traders to access perpetual futures and gives U.K. retail customers the ability to trade equities to begin with. – This authorization boosts Coinbase’s “Everything Exchange” strategy, expanding its offerings beyond crypto into stocks and derivatives. Nasdaq-listed Coinbase (COIN) has secured U.K. regulatory approval to offer equities and derivatives alongside crypto, expanding its product suite in one of its largest international markets
The new license enables institutional and advanced traders to access crypto, equity and commodity perpetual futures, Coinbase said in a blog post. Retail customers in the U.K. will also be able to trade equities on Coinbase for the first time. The authorization sits alongside Coinbase’s U.K. e-money license and crypto registration.
The company received FCA cryptoasset registration in February last year, allowing it to provide crypto and fiat services in the country. U.K. users are getting access to products Coinbase has started rolling out overseas. U.S. users already have access to stock and exchange-traded fund trading, while eligible non-U.S. customers can trade USDC-settled stock perpetual futures on large-cap names including Apple, Microsoft and Tesla.