OANDA Launches FCA-Registered Crypto Trading Platform in the UK

TL;DR
1.OANDA expands into UK crypto trading market.
2.After acquiring Coinpass, OANDA Crypto will be headquartered in London and obtain FCA registration.

OANDA, a U.S.-based forex pioneer, has unveiled its cryptocurrency trading platform, OANDA Crypto, in the UK. The platform, registered with the Financial Conduct Authority (FCA) and headquartered in London, is the result of OANDA's acquisition of a majority stake in FCA-registered crypto firm Coinpass last year.

Expanding Crypto Offerings in the UK

OANDA Crypto will provide trading services for over 63 cryptocurrency pairs, including popular options like Bitcoin, Ether, and Ripple (XRP). The company has announced plans to further expand its offerings by introducing additional tokens and features throughout the year.

UK Market Appeal and Regulatory Compliance

Despite the complexities of heavily regulated jurisdictions, OANDA finds the UK market appealing due to its high level of participation, educated user base, and active crypto market. According to Lucian Lauerman, OANDA's head of digital assets, the UK's stringent regulatory environment aligns with the company's commitment to compliance and customer protection.

Strategic Expansion and Regulatory Compliance

OANDA's foray into the UK crypto market complements its existing offerings, including its partnership with New York State Department of Financial Services-regulated Paxos for crypto trading in the U.S. Additionally, the company recently shifted its mainland Europe operations to Warsaw, Poland, following the acquisition of Polish broker Dom Maklerski TMS Brokers SA, now rebranded as OANDA TMS. This strategic expansion underscores OANDA's commitment to regulatory compliance and strategic growth initiatives.

OANDA has launched OANDA Crypto, a FCA-registered cryptocurrency trading platform in the UK, expanding its global footprint in the digital asset space. With plans to offer a diverse range of cryptocurrency pairs and features, OANDA aims to cater to the evolving needs of crypto investors while adhering to stringent regulatory standards.

OANDA Crypto Launches in UK

OANDA has introduced its cryptocurrency trading platform, OANDA Crypto, in the UK, expanding its global presence in the digital asset market. With a focus on regulatory compliance and strategic growth, the platform offers trading services for over 63 cryptocurrency pairs and plans further expansion. This move aligns with OANDA's commitment to meeting customer needs while adhering to regulatory standards.