The cryptocurrency exchange CEX.IO has broadened its British market operations by adding spot trading functionality for all UK market customers.
Spot trading through CEX.IO allows British traders to mirror European Union crypto participants while obtaining more than 100 supported digital assets starting from Bitcoin and Ethereum and additional altcoins.
The trading platform of the exchange now includes Dogecoin (DOGE) alongside PEPE and Official Trump while expanding its digital asset investment choices.
“By providing UK customers with access to our Spot Trading platform, we substantially expand existing liquidity propositions in the region. This allows local traders to execute trades without significantly impacting prices, leading to a more cost-effective trading experience and healthier trading environment.” Rich Evans, managing director of the CEX.IO in the UK.
Since CEX.IO re-entered the UK market officially in September of 2024 spot trading has become available for customers. In October 2023 the exchange suspended operations in UK territory because of new regulations that demanded all crypto firms fulfill requirements in the UK Financial Promotions Regime.
CEX.IO Expands Amid UK Regulatory Compliance Push
CEX.IO spent its time away from the market bringing its operations into compliance with anti-money laundering requirements as well as relevant regulatory standards. The crypto platform brought back essential trading functions such as buying and selling and conversion capabilities when it returned in September 2024.
Spot trading joins CEX.IO’s regulatory compliance commitments as it takes direction from the FCA Financial Conduct Authority. UK markets provide fertile ground for CEX.IO’s worldwide business expansion because crypto sector regulators worldwide are establishing new operational standards.
The Markets in Crypto Assets MiCA directive in the European Union caused exchanges and service providers to pursue licensing requirements which allows them to operate without restrictions throughout the bloc. The full trading capabilities available to UK market investors enable CEX.IO to enhance market leadership while seeking greater market share in the competitive regional area.
The latest regulatory framework development shapes the industry allowing CEX.IO to enhance its position through strategic expansions that support both compliance and market penetration as investor numbers grow.
