Crypto.com, the world’s fastest-growing cryptocurrency platform, announced today it has received regulatory approval from the Financial Conduct Authority (FCA) in the United Kingdom (UK) as a crypto asset business. This registration will enable Crypto.com to offer a suite of products and services to customers in the UK, compliant with local regulations.

“This is a significant milestone for Crypto.com, with the UK representing a strategically important market for us and at a time when the government is pushing forward with its agenda to make Britain a global hub for crypto asset technology and investment,”

“We are committed to the UK market and we look forward to developing our platform and presence in the UK further by expanding our offering to customers while continuing to work with regulators.”

                                                               Kris Marszalek, Co-Founder & CEO of Crypto.com.

In March, Crypto.com announced the addition of a UK General Manager and a Global Head of Sustainability and ESG, among other senior hires in the UK. According to study by BanklessTimes, the UK is viewed as a high-potential market for cryptocurrencies due to a 650% growth in adoption from 2018 to 2021.

With more than 50 million users globally, Crypto.com actively expands and grows its ecosystem. With today’s announcement, Crypto.com continues to gain regulatory licenses after receiving in-principle approval for a Major Payment Institution License from the Monetary Authority of Singapore, provisional approval of its Virtual Asset License from the Dubai Virtual Assets Regulatory Authority, registration under the Electronic Financial Transaction Act and as a Virtual Asset Service Provider in South Korea, registration in Italy from the Organismo Agenti e Mediatori (OAM), reg.