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 Proactive’s Crypto, Blockchain and Cannabis Telegram group here
View full BLOCK profile View Profile

Cryptocurrency and Blockchain Timeline

Related Articles

Hazer's pilot plant
November 27 2018
The company is focused on producing synthetic graphite and hydrogen using its low-cost, low-emission Hazer Process.
August 31 2018
The tech group is increasingly expanding its geographical reach and gaining traction in China
November 26 2018
Covata provides software solutions that enable continuous identification, classification and secure management of unstructured data.
Copyright ©, 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