Coinpass announced today that it has been approved to become a registered crypto asset company (reference number 921481) of the UK Financial Conduct Authority (FCA), making it a regulated UK cryptocurrency exchange. 

Coinpass provides services to retail and commercial customers who want to buy, sell, trade, and hold cryptocurrencies such as Bitcoin and Ethereum in the UK. 

Jeff Hancock, CEO of Coinpass, commented: "We understand and fully support that to evolve the cryptocurrency market to be more inclusive and attractive to a larger number of users, we would require regulatory guidelines for exchanges and gateways. The UK is a financial hub for investment and fintech and it has the potential, under the FCA's guidance, to be a world leader in cryptocurrency regulation. With this registration, I am exceptionally bullish on the future for crypto in the United Kingdom and proud of our achievement."

By Mary Liu