Nasdaq-listed Coinbase (COIN) has secured UK regulatory approval to offer equities and derivatives alongside crypto, expanding its product suite in one of its biggest international markets.
The new license enables institutional and advanced traders to access crypto, stock and commodity futures, Coinbase said in a blog post. Retail customers in the UK will also be able to trade shares on Coinbase for the first time.
The authorization sits alongside Coinbase’s UK e-money license and crypto registration. The company received FCA cryptoasset registration last February, which enables it to provide crypto and fiat services in the country.
UK users get access to products Coinbase has started rolling out overseas. US users already have access to trade stocks and exchange-traded funds, while qualified non-US customers can trade perpetual futures on USDC-settled stocks on big names including Apple, Microsoft and Tesla.
Coinbase has also said it plans to offer tokenized shares backed one-to-one by US shares to qualified non-US users. These products are intended to give investors ownership of the underlying shares, including dividends.
