Crypto exchange Coinbase has won regulatory approval to offer stocks and derivatives to UK customers, the biggest expansion of its product line-up in one of its largest international markets and its latest move toward what it calls the "everything exchange."
The exchange said Tuesday it had been granted a UK investment services authorization, sometimes called a MiFID license, from the Financial Conduct Authority, allowing it to offer traditional financial instruments beyond crypto.
Today marks our biggest ever expansion of Coinbase UK's product suite.
We've now secured an investment services authorisation in the UK, enabling us to soon offer both equities and derivatives.
The UK's new rulesFor now, the derivatives will be restricted to institutional and advanced traders. The FCA still bars the sale of crypto derivatives to UK retail investors, leaving equities as the main new product for everyday users.
