In response to the surging population of Cryptocurrency traders in the UK, a figure that has twofold in the last year, OANDA Global Corporation has made a strategic move by acquiring a majority share in the Crypto asset firm Coinpass Limited.
Coinpass emerged with the intention of meeting the burgeoning demand for swift and secure access to digital assets within the UK. The platform quickly gained traction among British traders and investors, bolstered by its noteworthy accreditation from the UK’s Financial Conduct Authority (FCA).
Notably, Coinpass’s services are not confined solely to retail investors; it also extends its suite of offerings to encompass professional traders and enterprises, enabling them to participate in Cryptocurrency investments and trading activities. The array of trading solutions provided by Coinpass encompasses fiat-to-crypto, crypto-to-crypto, and stablecoin-to-crypto products.
This collaboration is poised to complement OANDA’s existing assortment of CFD instruments, which span across indices, forex, commodities, metals, and bonds. By integrating with Coinpass’s authorized crypto exchange business, OANDA is primed to establish a significant presence within the UK’s Cryptocurrency trading sphere.
Emphasizing this partnership, OANDA highlights Coinpass’s distinction as one of the select cryptocurrency exchanges to secure FCA registration. Notably, a recent survey commissioned by the UK regulatory body reveals a twofold increase in digital asset holders across the nation in the past year. Consequently, this acquisition positions OANDA to capitalize on the expanding potential of the UK’s cryptocurrency market.