On Monday, Coinbase Global Inc., a cryptocurrency trading colossus, announced its registration as the largest cryptocurrency exchange in the United Kingdom. This announcement represents a significant milestone in the company’s global development strategy.
The Financial Conduct Authority, the UK’s financial regulator, granted Coinbase a Virtual Asset Service Provider registration, as stated in an X post. According to Coinbase, the registration establishes it as the largest registered digital asset participant in the nation.
“This registration is a significant milestone in our international expansion strategy, as the United Kingdom is our largest international market,” the company stated.
This registration is a significant milestone in our international expansion strategy, as the United Kingdom is our largest international market.
In the past 24 hours, Coinbase has facilitated transactions worth nearly $12 billion, making it the largest cryptocurrency exchange in the United States and one of the largest in the globe, according to CoinGecko.
This announcement follows Coinbase’s acquisition of Spindl, an on-chain advertising and infrastructure platform that is designed to increase the visibility of projects constructed on its Ethereum layer-2 network, Base.
The company is anticipated to disclose its fourth quarter and full-year results following the market’s close on February 13.
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