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OANDA has launched a crypto trading platform in the UK, officially registered with the Financial Conduct Authority (FCA) and headquartered in London. Dubbed OANDA Crypto, this platform is the result of OANDA’s acquisition of a majority stake in FCA-registered crypto firm Coinpass last year.
OANDA Crypto offers trading in more than 63 cryptocurrency pairs, including popular options like Bitcoin, Ether, and Ripple (XRP). The platform is set to expand its offerings by adding more tokens and features throughout the year.
Unlike some other companies in the crypto space that may avoid heavily regulated jurisdictions like the United States, OANDA found the FCA registration to be an attractive feature. Lucian Lauerman, the firm’s head of digital assets, highlighted the significance of this move.
“The UK has a high level of participation and is a very well educated and active market,” Lauerman said in an interview. “What 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.”
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