OANDA Opens FCA-Registered Crypto Trading Platform in the UK

OANDA Crypto is the summation of last year’s acquisition of a majority stake in FCA-registered crypto firm Coinpass, and will offer trading in over 63 cryptocurrency pairs, including bitcoin, ether, and XRP.

AccessTimeIconFeb 26, 2024 at 12:01 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now
  • Global brokerage firm OANDA is officially opening for crypto trading in the UK.
  • OANDA Crypto will be based in London and comes with FCA registration thanks to last year’s acquisition of Coinpass.
  • Institutional Interest in Digital Assets Has 'Percolated,' Analyst Says
    01:04
    Institutional Interest in Digital Assets Has 'Percolated,' Analyst Says
  • Retail Crypto Investors 'Still Licking Their Wounds From FTX': Analyst
    11:46
    Retail Crypto Investors 'Still Licking Their Wounds From FTX': Analyst
  • Economist Says We're Entering 'Chilly Crypto Spring' as Fed Holds Interest Rates Steady
    11:08
    Economist Says We're Entering 'Chilly Crypto Spring' as Fed Holds Interest Rates Steady
  • Robinhood Ending Support for Tokens Named in SEC Lawsuit as Securities
    00:59
    Robinhood Ending Support for Tokens Named in SEC Lawsuit as Securities
  • U.S.-based forex pioneer OANDA is opening a cryptocurrency trading platform in the UK, registered with the country’s regulator, the Financial Conduct Authority (FCA), based in London and dubbed OANDA Crypto.

    It’s the summation of last year’s acquisition of a majority stake in FCA-registered crypto firm Coinpass, and will offer trading in over 63 cryptocurrency pairs, including Bitcoin, Ether, and Ripple, with plans to add more tokens and features over the course of the year, the company said.

    While some crypto-focused companies tend to stay away from places like the U.S. and other heavily regulated jurisdictions, this was an attractive feature for OANDA, said the firm’s head of digital assets Lucian Lauerman.

    “The UK has a high level of participation and is a very well educated and active market,” Lauerman said in an interview. “What we liked about the opportunity in the UK, when it comes to crypto, is that it’s becoming more aligned with the markets where we’ve traditionally operated. The regulatory bar has been set slightly higher.”

    OANDA already offers crypto in the U.S. via a partnership with New York State Department of Financial Services-regulated Paxos. The brokerage also refocused its mainland Europe operations away from Malta to Warsaw in Poland, with the acquisition of Polish broker Dom Maklerski TMS Brokers SA, which was rebranded to OANDA TMS.

    Edited by Stephen Alpher.

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Ian Allison

    Ian Allison is an award-winning senior reporter at CoinDesk. He holds ETH.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.



    Read more about