Hassan Maishera
TL;DR
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Brokerage firm OANDA has officially launched its crypto trading platform in the UK.
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The platform is registered with the FCA and has an office in London.
OANDA’s Crypto Trading Platform Officially Opens in the UK
U.S.-based forex pioneer OANDA has launched its cryptocurrency trading platform in the United Kingdom. The company announced that the platform is registered with the country’s regulator, the Financial Conduct Authority (FCA) and is based in London.
Furthermore, the platform is known as OANDA Crypto and will offer users access to a wide range of cryptocurrencies. This latest development comes after OANDA bought a majority stake in FCA-registered crypto firm Coinpass last year.
OANDA Crypto will offer access to over 63 crypto pairs, including Bitcoin, Ether and XRP. It also intends to add more tokens and features over the next few months.
The firm’s head of digital assets Lucian Lauerman said this latest development was an attractive feature for OANDA and it had to take advantage of it. Lauerman added that,
“The UK has a high level of participation and is a very well-educated and active market. hat we liked about the opportunity in the UK, when it comes to crypto, is that it’s becoming more aligned with the markets where we’ve traditionally operated. The regulatory bar has been set slightly higher.”
This is not the first time the company is rolling out cryptocurrency services. OANDA already offers crypto services in the United States thanks to its partnership with Paxos.
