CEX.IO Resumes Operations in UK Following FCA Compliance

Mars Finance News: Centralized cryptocurrency exchange CEX.IO has officially resumed its business operations in the UK. The company stated that its registration process now meets the compliance requirements set by the UK's Financial Conduct Authority (FCA).

CEX.IO had voluntarily suspended its services in the UK following the FCA's implementation of new crypto asset financial promotion rules in October 2023. The UK was one of CEX.IO's key markets, with local users accounting for 69% of its total European Economic Area (EEA) clients prior to the suspension. Transaction volume grew by 26.9% month-over-month before the suspension.

Currently, the company offers 190 digital assets in the UK.