The largest US-based cryptocurrency exchange has expanded its scope of regulatory authorizations across the world by securing the necessary approval to provide investment services in the United Kingdom.
This is considered one of its most significant expansions in the market since launching there several years ago.
The statement from the company reveals that the approval will allow it to offer traditional financial products alongside cryptocurrencies through a single platform.
The new authorization enables the exchange to expand beyond digital assets and introduce a new set of products, such as derivatives and equities, to UK-based users.
Coinbase said institutional and advanced traders will gain access to crypto, equity, and commodity perpetual futures. At the same time, retail investors will be able to trade stocks directly on the platform for the first time.
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