Cryptocurrency Trading Behemoth Coinbase Global Inc. Announces Registration As The UK's Largest Cryptocurrency Exchange

Coinbase won a Virtual Asset Service Provider registration from the Financial Conduct Authority, the UK's financial regulator

Coinbase Global Inc (NASDAQ:COIN) announced its registration as the largest cryptocurrency exchange in the U.K. on Monday.

What Happened: Coinbase has secured a Virtual Asset Service Provider registration from the Financial Conduct Authority, the U.K.'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.

Coinbase is now the UK's largest VASP. 🇬🇧The United Kingdom is our biggest international market, and this registration represents an important chapter in our international expansion strategy.

Coinbase is the largest cryptocurrency exchange in the U.S. and one of the largest in the world, facilitating trades worth nearly $12 billion in the last 24 hours, according to CoinGecko.

This announcement comes on the heels of Coinbase’s acquisition of Spindl, an on-chain advertising and infrastructure platform, aimed at enhancing the visibility of projects built on its Ethereum layer-2 network, Base.

The company is expected to report its fourth quarter and full-year results on Feb. 13 after the market close.

See Also: Elon Musk Says Treasury Officials ‘Breaking The Law Every Hour’ By Approving Fraudulent Payments — DOGE Lead Wants A Blockchain Fix

Coinbase shares closed 2.38% lower at $284.41 on Friday. The stock rose 1.13% in after-hours trading, according to data from Benzinga Pro. Year-to-date, the stock has gained 14.54%.

This content was partially produced with the help ofців Benzinga Neuro and was reviewed and published by Benzinga editors.