Crypto Exchange CEX.IO Resumes UK Operations Amid Regulatory Changes
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Cryptocurrency exchange CEX.IO has officially recommenced its services in the UK, following a compliance overhaul to meet the Financial Conduct Authority’s (FCA) new regulations.
This move comes after a voluntary halt in operations due to updated financial promotion rules for crypto assets introduced in October 2023.
Previously, the UK was a major market for CEX.IO, with a substantial portion of its European users based there. The exchange reported significant transaction growth before the suspension.
With its global user base exceeding 15 million, CEX.IO is eager to regain its foothold in the UK, where it now offers access to 190 different digital assets.
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The company’s return is supported by a collaboration with Gateway 21, a firm authorized by the FCA to oversee financial promotions. CEX.IO’s services are currently being managed from Lithuania while the company secures its Anti-Money Laundering (AML) registration from the FCA.
Rich Evans, CEX.IO’s UK Managing Director, emphasized the company’s commitment to regulatory compliance and client security, highlighting its history of maintaining a clean record.
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