Key Takeaways
- Coinbase received UK investment services authorization, expanding beyond crypto into derivatives and equities.
- Advanced traders will gain access to perpetual futures tied to crypto, equities, and commodities.
- Retail users will be able to trade equities as Coinbase builds its everything exchange.
Why Coinbase’s UK License Changes the Platform
Crypto exchange Coinbase’s UK authorization follows its receipt of UK investment services authorization under the Markets in Financial Instruments Directive (MiFID) framework. Issued by the Financial Conduct Authority (FCA), the licence allows regulated firms to provide investment services and deal in financial instruments, including equities and derivatives, under rules designed to protect consumers and maintain market integrity. The approval expands Coinbase beyond crypto services.
The authorization sits within Coinbase’s UK entity alongside its Electronic Money Institution (EMI) license and crypto registration. Coinbase said the combination makes it the most comprehensively regulated crypto player in the market, stating:
“It will unlock the single biggest expansion of our UK product suite since we entered the market, and a major step toward bringing the everything exchange to life.”
The Bigger Bet Behind One Login
The crypto firm is positioning the UK as an early test case for its “Everything Exchange” strategy. The company said users typically juggle banking apps, brokerage accounts, savings products, and crypto wallets.
Coinbase detailed:
“Today, a typical UK investor juggles a banking app, a brokerage account, a savings product and a crypto wallet. We think that era is ending.”
The company said UK users will gain access to stablecoin payments, savings, borrowing, crypto, derivatives, and equities on Coinbase, with tokenised real-world assets planned. Coinbase recently launched UK savings and borrowing products, and the new authorisation marks the next phase of its expansion.
What Still Needs to Happen
Coinbase said Financial Conduct Authority research found about 7 million UK adults already hold crypto. It also said a quarter of non-holders would be more likely to participate if the sector were properly regulated. Coinbase pointed to October 2027, when the UK’s full crypto regime is expected to take effect.
The approval gives Coinbase room to expand before those rules arrive. The remaining question is how quickly UK users will gain access to the new products and how regulators shape the next stage of digital finance. Its long-term impact will depend on execution, adoption, and the final regulatory framework.
Beyond the MiFID investment services licence, Coinbase holds two additional FCA approvals. Its virtual asset service provider (VASP) registration, granted in February 2025, permits crypto-to- crypto and fiat-to- crypto exchange services for UK residents. Through its subsidiary CB Payments Ltd., Coinbase also holds an Electronic Money Institution (EMI) licence, allowing it to issue e-money, support digital fiat payments, and connect to the UK’s Faster Payments Scheme for faster deposits and withdrawals.
Together, these approvals support Coinbase’s “Everything Exchange” strategy, combining payments, savings products, stock trading, and crypto derivatives under one app.
