Coinbase has received approval from the UK’s Financial Conduct Authority (FCA) as a registered virtual asset service provider (VASP), becoming the largest registered crypto exchange in the country. This approval allows Coinbase to cater to both retail and institutional customers while providing crypto-to-fiat services in a key international market. The UK is now Coinbase's largest market outside the US. This marks the first crypto asset firm added to the FCA's register in 2025, following previous regulatory scrutiny that resulted in a £3.5 million fine for breaches related to high-risk customer onboarding. The FCA is working on a full regulatory framework for the country by 2026, aiming to position the UK as a global crypto hub. Meanwhile, Coinbase is also expanding in Europe and has expressed interest in entering Southeast Asia, particularly the Philippines, where it has been building local initiatives. Coinbase already operates in Singapore, having secured regulatory approval back in October 2023.

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