OANDA, the CVC Capital-owned foreign exchange firm, formally launched its cryptocurrency offering in the UK. Last August it acquired Coinpass and the functionality uses its technology. It now offers access to 63 crypto trading pairs.
While OANDA CoinPass is regulated by the Financial Conduct Authority (FCA), it simply applies to anti-money laundering in the UK. The UK is in the process of establishing cryptocurrency regulations.
“With OANDA Crypto, we are staying true to our mission of making trading experiences smarter by bringing the reliability, security, and simplicity of our robust trading platforms into an easy-to-use app, making crypto attractive to UK traders and investors of all levels of experience,” Lucian Lauerman, Head of Digital Assets.
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