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.
Alameda Research, the trading arm linked to the now-bankrupt crypto exchange FTX, has taken legal action against Waves founder Aleksandr Ivanov and his associated companies, aiming to recover at least $90 million.
Bitget Wallet, a non-custodial crypto wallet by the Bitget exchange, is pushing forward with its mission to accelerate crypto adoption, particularly within Telegram’s ecosystem.
On November 8, the ongoing battle between Ripple and the SEC took a dramatic turn.
Ethereum’s recent price surge to around $3,200 has sparked significant activity among major investors, including Tron founder Justin Sun, who recently sold a portion of his holdings.