Sign up USA
Proactive Investors - Run By Investors For Investors

Coinbase set to make cryptocurrency trading easier for Brits

"U.K. customers will benefit from faster, safer and seamless bank transfers"
bitcoin and cryptocurrency
Coinbase has agreed a deal with Barclays and has been greenlighted by the UK's FCA

The Coinbase cryptocurrency exchange has agreed a partnership with Barclays PLC (LON:BARC) which is expected to make it easier for UK-based traders to buy and sell digital currencies like Bitcoin and Ethereum.

It comes as Coinbase reportedly secured an ‘e-money’ licence from UK regulator, the Financial Conduct Authority.

Rolling out to all UK customers

The Coinbase platform is said to have some 12mln registered users and it is the first to be secure a formal agreement with a UK bank.

As a result of the new arrangements, it is expected that cryptocurrency traders will be able to use ‘faster payments’ services which will allow them much more flexibility when managing their accounts.

"U.K. customers will benefit from faster, safer and seamless bank transfers. We will start with a pilot, giving a small number of institutional users access to faster payments,” said Zeeshan Feroz, Coinbase chief executive.

“In the coming weeks, we will begin rolling out to all U.K. customers, making the Coinbase experience increasingly easier."

Join our Crypto, Blockchain and Cannabis Telegram group here
View full BLOCK profile View Profile

Cryptocurrency and Blockchain Timeline

Related Articles

marketing
Tue
New business from the likes of Vodafone and GSK and a strong contribution from The Corner, which it acquired in December, meant revenues jumped 70% in the first half
Vault online software in the cloud image
August 07 2018
The company has achieved strong sales on the back of its risk and safety management software systems.
ROBO Global US CEO Travis Briggs
August 14 2018
Investors can buy directly into the popular ROBO ETF based on the benchmark index comprised of 87 top robotics, automation and AI companies.

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You understand that the Company receives either monetary or securities compensation for our services. We stand to benefit from any volume this write-up may generate.

You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Copyright © Proactiveinvestors.com, 2018. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use