Coinbase Wins UK License, Paving the Way for Stocks and Derivatives Trading

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The move comes amid the ongoing regulatory push in Europe.

The largest US-based cryptocurrency exchange has expanded its scope of regulatory authorizations across the world by securing the necessary approval to provide investment services in the United Kingdom.

This is considered one of its most significant expansions in the market since launching there several years ago.

The statement from the company reveals that the approval will allow it to offer traditional financial products alongside cryptocurrencies through a single platform.

The new authorization enables the exchange to expand beyond digital assets and introduce a new set of products, such as derivatives and equities, to UK-based users.

Coinbase said institutional and advanced traders will gain access to crypto, equity, and commodity perpetual futures. At the same time, retail investors will be able to trade stocks directly on the platform for the first time.

The investment services authorization will sit alongside the exchange’s existing UK e-money license and crypto registration, which is expected to consolidate the firm’s “position as the most comprehensively regulated crypto player in the market.”

The company described the milestone as a “significant step” toward its long-term vision of building an “everything exchange,” in which users can access multiple financial products through a single account.

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Aside from the aforementioned approval, Coinbase also plans to introduce tokenized real-world assets as part of its broader platform strategy.

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Jordan Lyanchev

Jordan got into crypto in 2016 by trading and investing. He began writing about blockchain technology in 2017 and now serves as CryptoPotato's Assistant Editor-in-Chief. He has managed numerous crypto-related projects and is passionate about all things blockchain.

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