Cryptocurrency platform Crypto.com – based in Singapore – has been registered with Britain’s financial services regulator, the company announced on Wednesday.
Crypto.com joined the Financial Conduct Authority (FCA) register, meaning it is authorised to offer cryptocurrency services and products to customers in the UK.
The UK is a “strategically important market for us,” Crypto.com CEO Kris Marszalek said, citing the growth in the use of cryptocurrencies in the country and the government’s plan to make Britain a hub for digital assets.
The FCA has faced opposition from the industry in the past after rejecting registration applications from dozens of cryptocurrency companies.
Crypto.com, which has 50 million customers worldwide, registered in South Korea last week and in Italy in July.
