Crypto Exchange CEX.IO Resumes UK Operations Amid Regulatory Changes

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.

READ MORE:

UAE Regulators Unite to Streamline Crypto Licensing

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.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.