CEX.IO enables spot trading for UK customers

Crypto Exchange Cex.io has expanded its services to the United Kingdom by allowing the trading of spots for customers based in the United Kingdom.

The CEX.IO team announced the expansion of its suite of cryptographic products available for customers via a press release shared with Crypto.News.

The introduction of cash trading means that British users now have access to the same products available for CEX.IO customers in the European Union. Customers can exchange more than 100 cryptocurrencies, including bitcoin (BTC) and higher altcoins.

Now, now available for trading, are the main coins such as official Trump, Dogecoin and Pepe.

“By offering British customers access to our cash trading platform, we considerably broaden existing liquidity proposals in the region. This allows local merchants to execute transactions without having a significant impact on prices, leading to a more profitable commercial experience and a healthier commercial environment. »»

Rich Evans, Director General of the CEX.IO in the United Kingdom.

Cex.io back in the United Kingdom

The launch of Cex.io of the Spot Trading for British users follows the exchanges get into the country in September 2024.

The Crypto Exchange had interrupted its operations in the United Kingdom in October 2023 in the middle of a push of market regulators for Crypto companies in order to register and ensure compliance. Cex.io’s decision to temporarily leave the United Kingdom was in response to the country’s financial promotion policy.

While the exchange continued the regulatory compliance with the anti-money laundering measures, its return has enabled customers to buy, sell and convert cryptographic assets.

The last announcement which describes support for trading to the point is an indicator of an additional engagement in terms of registration of the LMA with the Financial Conduct Authority. Traction in the country could help its market share.

In particular, the EU regulatory landscape has pushed exchanges and service providers to request licenses. Crypto market approval, or Mica In a court, for example, allows suppliers of virtual asset services to pass solutions and offers to the rest of the block.