Coinbase Obtains VASP Registration in the United Kingdom

Coinbase has obtained its VASP registration in the UK. Issued by the FCA, this will allow Coinbase to offer both crypto and fiat in the UK, the largest of Coinbase’s international markets, as the company secures another regulatory permission. 

This VASP registration makes Coinbase the largest registered digital assets player in the UK. The UK Government and the FCA are developing welcome regulation for the crypto sector, hopefully joining the growing trend of countries embracing economic freedom and free markets. Governments around the world are waking up to the fact that crypto fuels economic prosperity. We believe that crypto is the most important technology that can generate growth in the world, and the UK is poised to benefit from this. 

This is a critical registration to cement our strong position in the UK and unlock our ambitious expansion plans. Our mission is to onboard the next 1 billion people into crypto while prioritising security for customer assets and maintaining the highest standards of compliance. Coinbase’s core thesis is that greater adoption and use of cryptocurrencies will increase economic freedom, and achieving our VASP in the UK furthers this belief. 

This registration represents an important chapter in the company's international expansion strategy. Coinbase is dedicated to partnering with high-bar regulators across jurisdictions to increase economic freedom, and working with policymakers to promote a pro-tech and innovation agenda.

This game-changing technology is set to bring remarkable rewards, spurring jobs, growth, and investment throughout the UK. We at Coinbase are genuinely excited to be part of the UK's incredible journey and the amazing opportunities this new era offers. We're already seeing groundbreaking technologies such as stablecoins being used by traditional financial players to revolutionise payments. Finally, we are pleased to see the UK Government recognise the potential of this industry and the way in which it can contribute to their pro-growth and innovation agenda.