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.
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.
On September 18, during an interview at Token2049, Alex Svanevik, CEO of blockchain analytics firm Nansen, shared his insights on the potential impact of the 2024 U.S. presidential election on the cryptocurrency landscape.
Donald Trump and his sons launched their DeFi project, World Liberty Financial (WLFI), during a lengthy X Spaces session on Monday, but the event fell short of expectations.
The Swiss Stock Exchange, SIX, is setting its sights on the digital asset market by establishing a foothold in Europe for cryptocurrency trading.
Cryptocurrency exchange Bitget and Foresight Ventures have announced a significant $30 million investment in The Open Network (TON) blockchain.