US Forex Broker OANDA Announces Entry into UK Cryptocurrency Trading, Launches New Platform OANDA Crypto。The platform has been registered with the Financial Conduct Authority (FCA), the UK's financial regulator, and is ready to offer a range of cryptocurrency trading options to UK investors.。

OANDA Enters UK Cryptocurrency Market with OANDA Crypto Platform

The formation of OANDA Crypto is the result of last year's acquisition of a majority stake in Coinpass, a cryptocurrency company registered with the FCA.。This strategic move gives OANDA access to the UK's booming cryptocurrency market, which has seen a surge in interest and participation.。

OANDA Crypto will facilitate the trading of more than 63 cryptocurrency pairs, including popular digital assets such as Bitcoin, Ether and Ripple。The company has made plans to incorporate more tokens and launch new features throughout the year to meet the changing needs and preferences of cryptocurrency traders.。

Journey from the United States to the United Kingdom and continental Europe

Lucian Lauerman, head of digital assets at OANDA, highlighted the allure of the UK market, citing the high level of engagement and mature investor base in the UK market.。Lawman said in an interview: "When it comes to cryptocurrency, we like the opportunities in the UK because it's becoming more aligned with the markets where we traditionally operate.。The threshold for regulation is set slightly higher。"

Global trading firm @ OANDA is opening an FCA-registered cryptocurrency unit in the UK。

Author: @ IanAllison123https: / / t.co / KCmSVealIu

- CoinDesk (@ CoinDesk) February 26, 2024

Before entering the UK, OANDA has entered the US cryptocurrency market by partnering with Paxos, a company regulated by the New York State Department of Financial Services.。In addition, the company has restructured its operations in continental Europe, moving from Malta to Warsaw, Poland.。The strategic move was helped by the acquisition of Polish broker Dom Maklerski TMS Brokers SA, which has been renamed OANDA TMS.。