Coinbase Receives UK MiFID License, Can Offer Financial Investment Products Locally

BlockBeats News, July 7th: According to official sources, Coinbase announced today that it has obtained regulatory approval from the UK regulatory authority to provide investment services in the UK. In simple terms, this means that Coinbase is no longer limited to providing cryptocurrency services and can now offer traditional financial investment products to UK users.

This authorization is not just a regulatory milestone, but will bring more investment options to UK users. In the future, institutional investors and professional traders will be able to trade derivatives including cryptocurrencies, stocks, and commodities perpetual futures; retail users will also be able to trade stocks for the first time on the Coinbase platform. Coinbase has stated that this is only the first step in its product expansion, and that it will introduce more investment services in the future.