- CEX.IO's Return to the UK Market
- Impact of FCA Regulations on CEX.IO’s UK Operations
- Partnership with Gateway 21
Crypto exchange CEX.IO has resumed operations in the UK after temporarily suspending services due to the FCA's new crypto asset promotion regulations. Now the exchange offers 190 digital assets to UK users.
CEX.IO's Return to the UK Market
CEX.IO has officially resumed operations in the UK after voluntarily suspending services due to the FCA’s new crypto asset promotion regulations. The UK is CEX.IO’s primary market, accounting for 69% of its European Economic Area customers. Now back in business, the exchange offers 190 digital assets to UK users, aiming to regain its strong regional presence.
Impact of FCA Regulations on CEX.IO’s UK Operations
CEX.IO’s re-entry into the UK market highlights the changing regulatory landscape for crypto companies, especially after the FCA introduced stricter rules for crypto asset promotions. These include mandatory investor questionnaires and a cooling-off period for UK customers. The FCA has issued more than 450 warnings about non-compliant crypto promotions since the new rules came into effect in October 2023.
Partnership with Gateway 21
CEX.IO’s return to the UK market is facilitated by its partnership with Gateway 21, an FCA-authorized promotion approval agent, ensuring full compliance with UK financial promotion rules. The company also strongly emphasizes strict regulatory compliance, holding 40 licenses globally and boasting a history of no security breaches or legal conflicts with regulators.
CEX.IO's resumption of operations in the UK underscores the importance of regulatory compliance for cryptocurrency companies and their ability to adapt to changing regulatory requirements. The partnership with Gateway 21 demonstrates the company's commitment to continuing to provide services in strict accordance with the rules.
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