Coin Edition -
- Binance and Coinbase (NASDAQ:COIN) commence U.K. operations under new crypto regulations.
- U.K. FCA emphasizes the high-risk nature of crypto investments.
- FCA cautions against potential losses and lack of protection.
The largest crypto exchange, Binance, alongside the leading US-based exchange, Coinbase, now operates a trading platform for U.K. residents under the new regulations in the country.
CryptoBusy, a renowned Bitcoin analyst in the crypto community, first drew the attention of crypto enthusiasts to the development in a recent post on X (formerly Twitter). He highlighted that while Binance and Coinbase offer exchange services to U.K. customers, the Financial Conduct Authority (FCA) categorizes cryptocurrency investments as high-risk due to their potential for substantial losses.