Coinbase obtains UK VASP 06 February 2025UK Reporter: Clelia Frondaroli
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Coinbase has obtained its virtual asset service provider (VASP) registration in the UK, following approval from the Financial Conduct Authority (FCA).
The registration will allow the company to offer both crypto and fiat in the country, making it the largest digital asset provider in the UK. Coinbase says that the license will allow the firm to act on their expansion plans for the region, while providing a secure and compliant environment for customers.
Commenting on the approval, Coinbase says: “We're already seeing groundbreaking technologies such as stablecoins being used by traditional financial players to revolutionise payments.
We are pleased to see the UK government recognise the potential of this industry and the way in which it can contribute to their pro-growth and innovation agenda.”
Coinbase provides a platform for institutions to engage with crypto assets, including trading, staking, safekeeping, and global transfers.
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