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Briefly
- Blockchain.com has obtained FCA registration for UK crypto brokerage, custody, and institutional companies.
- The approval follows 2024 MiCA licensing, positioning the agency throughout European and UK markets.
- Based in York in 2011, the crypto trade has processed $1.2 trillion in transactions serving 90 million wallets.
Crypto trade Blockchain.com has secured registration with UK regulator the Monetary Conduct Authority (FCA), enabling it to supply crypto companies to prospects there.
Blockchain.com can now present brokerage, custody, and institutional companies underneath one of many world's strictest regulatory frameworks. For customers, this implies extra safety and oversight of their funds.
Based within the UK in 2011, Blockchain.com has processed over $1.2 trillion in crypto transactions and served 90 million wallets globally. The corporate began in York earlier than transferring to London, with the agency's CEO Peter Smith noting in a press launch that, "We've been a part of the UK's tech panorama for over a decade."
The corporate didn't instantly reply to a request from Decrypt on whether or not it will pursue licenses in different areas.
The UK registration follows Blockchain.com's MiCA license final 12 months, which permits operations throughout all 30 European Financial Space international locations. Collectively, these approvals place the corporate to serve main regulated markets.
The FCA and crypto regulation
The timing is strategic, with the UK creating a complete crypto regulatory regime set to launch in 2027. Blockchain.com plans to use for full authorization when functions open later this 12 months, the corporate stated.
The agency can also be rumored to be eyeing going public within the U.S. by way of a particular function acquisition firm, or SPAC. SPACs register their shares with the Securities and Alternate Fee to lift cash and hunt for a goal firm. When one is recognized, the SPAC takes the corporate public by buying it.
If it does make it to a list, it will likely be the most recent in a handful of firms which have gone public since 2025, together with USDC issuer Circle, crypto trade Bullish, and crypto pleasant buying and selling platform eToro.
