Coinbase has secured approval from the UK's Financial Conduct Authority (FCA) to operate as a Virtual Asset Service Provider. The milestone allows the exchange to offer both crypto and fiat services in one of its largest international markets, reinforcing its presence beyond the US.

The FCA has strict regulations for digital asset firms, approving only a limited number of applicants. Coinbase's successful registration highlights its compliance with UK laws and cements its position as the largest registered digital asset provider in the region. This development follows an inquiry into Coinbase Payments over past regulatory breaches, which have now been resolved.

With this approval, Coinbase can legally facilitate cryptocurrency transactions for retail and institutional clients in the UK. The exchange continues to expand globally, having recently launched services in Argentina and reinstated Bitcoin-backed loans in the US. Coinbase aims to accelerate crypto adoption worldwide, positioning itself as a key player in the digital asset revolution.