Crypto Exchange CEX.IO has expanded its services in the UK by enabling UK-based customers to trade spots.
The CEX.IO team has announced an expansion of a series of crypto products suites available to customers via a press release shared with crypto.news.
The introduction of spot trading means that UK users will have access to the same products available to European Union cex.io customers. Customers can trade over 100 cryptocurrencies, including Bitcoin (BTC) and Top Altcoin.
We are also able to trade major meme coins such as official Trump, Dogecoin and Pepe.
“We will significantly expand existing liquidity proposals in the region by providing UK customers with access to the spot trading platform, which will allow local traders to execute trading without significantly affecting prices. It can lead to a more cost-effective trading experience and a healthier trading environment.”
Rich Evans, managing director of Cex.io in the UK.
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cex.io is back in the UK
CEX.IO launches a spot deal for UK users following re-entry into the exchange country in September 2024.
Crypto Exchange halted its UK operations in October 2023 amid a push by market regulators to register and ensure compliance. CEX.IO’s move to temporarily withdraw from the UK was in response to the country’s financial promotion policy policy.
The exchange pursued regulatory compliance with anti-money laundering measures, but re-entry in September allowed customers to buy, sell and convert crypto assets.
The latest announcement, which outlines spot trading support, is an indicator of further commitment to AML registration. Domestic traction could support market share.
In particular, the EU regulatory environment is pushing for exchanges and service providers to seek licenses. For example, with MICA approval for Crypto Asset markets, or one jurisdiction, virtual asset service providers can enable passport solutions and offerings to the rest of the block.
read more: CEX.IO improves platform with closer order book, near-zero spreads
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