Crypto Exchange CEX.IO Expands UK Services with Spot Trading

UK Customers Gain Access to Over 100 Cryptocurrencies

Crypto exchange CEX.IO has expanded its services in the United Kingdom by enabling spot trading for UK-based customers. This move follows the exchange’s reentry into the country in September 2024. The introduction of spot trading means UK users now have access to the same products available to CEX.IO customers in the European Union, including over 100 cryptocurrencies, such as Bitcoin and top altcoins.

Additionally, leading meme coins such as Official Trump, Dogecoin, and PEPE are now available for trading. This expansion provides UK customers with a more comprehensive suite of crypto products, substantially expanding existing liquidity propositions in the region.

“By providing UK customers with access to our Spot Trading platform, we substantially expand existing liquidity propositions in the region. This allows local traders to execute trades without significantly impacting prices, leading to a more cost-effective trading experience and healthier trading environment.”

Benefits for UK Traders

The introduction of spot trading in the UK provides several benefits for local traders, including:

  • Access to a wider range of cryptocurrencies
  • Improved liquidity, reducing the impact of trades on prices
  • A more cost-effective trading experience
  • A healthier trading environment

Regulatory Compliance and Market Share

CEX.IO’s move to enable spot trading in the UK is an indicator of its further commitment to Anti-Money Laundering (AML) registration with the Financial Conduct Authority. The exchange’s traction in the country could help increase its market share, particularly in light of the EU’s regulatory landscape, which has pushed exchanges and service providers to seek licensing.

Approval for Markets in Crypto Asset (MiCA) in one jurisdiction, for instance, allows virtual asset service providers to passport solutions and offerings to the rest of the bloc.

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