Coinbase has secured an investment services authorisation in Britain and expanded its local services from spot trading to stocks and derivatives. Cointelegraph reported on July 7 that the approval will allow UK users to trade financial products alongside cryptocurrencies on the Coinbase platform.
Institutional investors and advanced traders can access perpetual futures linked to cryptocurrencies, stocks and commodities. Retail users can trade stocks.
Coinbase said the approval was part of its biggest product expansion since entering the UK market. It said this also moves it a step closer to its vision of an “everything exchange” that offers cryptocurrencies and traditional financial assets on one platform. It added that additional product launches may depend on regulatory approvals and UK market rules.
The approval comes ahead of the introduction of Britain’s new crypto regulatory framework. Britain will begin accepting applications under the new system from September and plans to implement it from October 2027. Under the new framework, crypto trading platforms, custodians, stablecoin issuers and staking providers, among others, will need authorisation from the UK Financial Conduct Authority.
Chi-gyu Hwang
delight@d-today.co.kr