CEX.IO has expanded its services in the United Kingdom, launching spot trading for UK-based customers. The move provides local users with access to over 100 cryptocurrencies, including Bitcoin, top altcoins, and popular meme coins such as Dogecoin and PEPE. The new feature brings UK customers in line with CEX.IO's offerings for European Union users.
The addition of spot trading aims to improve liquidity in the UK market, allowing traders to execute transactions without significantly impacting prices. This will lead to a more cost-effective and healthier trading environment, according to Rich Evans, managing director of CEX.IO in the UK.
The launch follows the exchange's reentry into the UK market in September 2024 after a brief exit due to regulatory pressures. CEX.IO had paused its operations in October 2023 while complying with new regulations set by UK authorities. The introduction of spot trading further demonstrates CEX.IO's commitment to adhering to the Financial Conduct Authority's anti-money laundering standards.
The expansion of services in the UK comes as exchanges across Europe work to meet evolving regulatory requirements, such as the Markets in Crypto Assets (MiCA) regulation, which allows providers to offer services across EU jurisdictions once approved.
