Coinbase Now the Largest Registered Digital Assets Company in the U.K.

The milestone follows Coinbase's receipt of virtual asset service provider (VASP) registration from the U.K.'s Financial Conduct Authority (FCA).

Cryptocurrency exchange Coinbase has announced that it is now the largest registered digital assets company in the United Kingdom (U.K.).

This milestone follows Coinbase’s receipt of virtual asset service provider (VASP) registration from the U.K.’s Financial Conduct Authority (FCA). With this registration, Coinbase will be permitted to offer both cryptocurrency and fiat services in Great Britain, which marks its largest international market.

“The UK Government and the FCA are developing welcome regulation for the crypto sector, hopefully joining the growing trend of countries embracing economic freedom and free markets,” stated Coinbase in its announcement.

“Governments around the world are waking up to the fact that crypto fuels economic prosperity. We believe that crypto is the most important technology that can generate growth in the world, and the UK is poised to benefit from this.”

This announcement comes shortly after Coinbase received a similar approval in Argentina last week. It also coincides with a broader shift in attitude toward cryptocurrency in the U.S., which is now the exchange’s largest market, following the election of President Donald Trump.

As blockchain and cryptocurrency continue to integrate with traditional finance, 2025 is shaping up to be a pivotal year for investors, businesses and regulators, according to PYMNTS. This year could either solidify crypto’s role in the global financial system or highlight the industry’s persistent vulnerabilities, the report adds.

“Either way, the era of digital assets operating in a regulatory gray zone appears to be ending. What comes next will depend on how the industry, and the policymakers shaping its future, navigate this new reality,” concludes PYMNTS.

In other news, Coinbase announced Monday that it has acquired Spindl, a platform for onchain advertising and attribution. This move aligns with the company’s goal of supporting developers who are building the applications to bring people onchain, according to Coinbase.

“As we’ve said before, there’s a natural flywheel here: We support developers who build onchain apps, those apps attract users onchain, and having more users incentivizes more developers to build onchain,” stated the company.

“And the faster we spin this flywheel, the easier it will be to bring more and more people onchain. Builder virality is the thing that spins that flywheel faster.”

Coinbase added that the purchase of Spindl will enable the company to enhance the “onchain discovery problem” for onchain builders.

Spindl was reportedly founded in 2022 by Antonio Garcia-Martinez, an early member of the Facebook ads team who shipped the tech giant’s first iteration of keyword targeting, audience targeting and FBX, its programmatic ad exchange.