CEX.IO Resumes Operations in the UK
CEX.IO, a centralized cryptocurrency exchange, officially resumed operations in the UK on Thursday morning. Its registration process now meets the compliance requirements set by the country’s financial regulatory body, the Financial Conduct Authority (FCA).
This comes after CEX.IO voluntarily suspended its services in the UK in October 2023, following the FCA’s implementation of new regulations for promoting crypto assets.
The UK was a major market for CEX.IO, with local users making up 69% of its total customers in the European Economic Area before the suspension.
The exchange saw a quarter-over-quarter growth of 26.9% in transaction volumes, according to a statement.
CEX.IO, which boasts over 15 million users worldwide, aims to regain the UK as one of its target markets for both new and existing customers.
