Cryptocurrency trading behemoth Coinbase Global Inc. COIN announced its registration as the UK’s largest cryptocurrency exchange on Monday, signifying a key step in its global growth strategy.
What Happened: Coinbase won a Virtual Asset Service Provider registration from the Financial Conduct Authority, the UK’s financial regulator, the company said in an X post. Coinbase said the registration makes it the biggest registered digital assets player in the country.
“The United Kingdom is our biggest international market, and this registration represents an important chapter in our international expansion strategy,” the firm added.
