Crypto exchange CEX.IO has expanded its services in the United Kingdom by enabling spot trading for UK-based customers.
The CEX.IO team announced the expansion of its suite of crypto products available to customers via a press release shared with crypto.news.
The introduction of spot trading means UK users now have access to the same products available to CEX.IO customers in the European Union. Customers can trade over 100 cryptocurrencies, including Bitcoin (BTC) and top altcoins.
Also now available for trading are leading meme coins such as Official Trump, Dogecoin and PEPE.
“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.”
Rich Evans, managing director of the CEX.IO in the UK.
CEX.IO back in the UK
CEX.IO’s launch of spot trading for UK users follows the exchange’s reentry into the country in September 2024.
The crypto exchange had halted its UK operations in October 2023 amid a push by market regulators for crypto companies to register and ensure compliance. CEX.IO’s move to temporarily exit the UK was in response to the country’s Regime of Financial Promotions policy.
While the exchange pursued regulatory compliance with anti money laundering measures, its reentry in September allowed customers to buy, sell, and convert crypto assets.
The latest announcement that outlines spot trading support is an indicator of further commitment to AML registration with the Financial Conduct Authority. Traction in the country could help its market share.
Notably, the EU’s regulatory landscape has pushed exchanges and service providers to seek licensing. Approval for Markets in Crypto Asset, or MiCA in one jurisdiction for instance allows virtual asset service providers to passport solutions and offerings to the rest of the bloc.
