US-based forex pioneer OANDA is opening a cryptocurrency trading platform in the UK, registered with the country’s regulator, the Financial Conduct Authority (FCA), based in London and dubbed OANDA Crypto.
It follows the acquisition of a majority stake in FCA-registered crypto firm Coinpass, and will offer trading in over 63 cryptocurrency pairs, including Bitcoin, Ether, and Ripple, with plans to add more tokens and features over the course of 2024, the company said.
While some crypto-focused companies tend to stay away from places like the US and other heavily regulated jurisdictions, this was an attractive feature for OANDA.
Company officials said that the UK has a high level of participation and is a very well educated and active market. What they liked about the opportunity in the UK, when it comes to crypto, is that it’s becoming more aligned with the markets where they’ve traditionally…
