OANDA Launches FCA-Registered Crypto Trading Platform in the UK
OANDA, a prominent name in the financial services industry, has made a significant move into the UK cryptocurrency market with the launch of OANDA Crypto, a platform tailored for private investors and traders. This platform, operated by OANDA Coinpass Limited, marks a milestone in the company’s efforts to provide secure and accessible crypto trading services within the UK regulatory framework.
The launch of OANDA Crypto offers UK-based traders a seamless and secure way to engage in crypto trading. Backed by OANDA’s established reputation as a global leader in online multi-asset trading, currency data, and analytics, the platform aims to simplify the crypto trading experience while ensuring reliability and security.
With over 63 cryptocurrency pairs available for trading, including popular options like Bitcoin, Ether, and Ripple, OANDA Crypto provides ample opportunities for investors to diversify their portfolios and capitalize on market movements. Moreover, the platform plans to expand its offerings by incorporating more tokens and features throughout the year, catering to the evolving needs of traders.
Lucian Lauerman, Head of Digital Assets at OANDA, emphasized the platform’s commitment to making crypto trading accessible to traders and investors of all experience levels. By integrating advanced charting tools and providing easy access to funding and withdrawal from UK bank accounts, OANDA Crypto strives to empower users with the tools and resources necessary to navigate the crypto market effectively.
OANDA’s entry into the UK crypto market comes amid a shifting regulatory landscape and increasing demand for compliant trading platforms. The company’s decision to establish a registered subsidiary, OANDA Crypto, underscores its dedication to regulatory compliance and aligns with its broader strategy of expanding its presence in the digital asset space.
Notably, OANDA’s expansion into the UK follows its successful foray into the US crypto market and recent restructuring of its European operations. By strategically positioning itself in regions with stringent regulatory requirements, such as the US and the UK, OANDA aims to uphold its commitment to compliance while tapping into high-potential markets.
Despite regulatory challenges, OANDA remains optimistic about the prospects of the UK crypto market. According to Lauerman, the UK presents an attractive opportunity due to its well-educated and active participant base, coupled with a regulatory environment that is increasingly aligned with traditional financial markets.
While OANDA Crypto initially focuses on trading services, the company’s broader suite of offerings in the UK includes Contract for Difference (CFD) trading, foreign exchange data, and cross-border payments. As the crypto landscape continues to evolve, OANDA remains committed to delivering innovative solutions that cater to the diverse needs of its clientele.
