American forex pioneer OANDA is expanding its services by launching a cryptocurrency trading platform in the UK. Named OANDA Crypto, the London-based platform is registered with the Financial Conduct Authority (FCA), the country's financial regulator.
Key Features of OANDA Crypto
- 63+ Cryptocurrency Pairs: Supports major tokens like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), with plans to add more assets in 2024.
- Regulatory Compliance: Built on FCA standards following OANDA’s majority stake acquisition in Coinpass, a registered crypto firm.
- Strategic Market Focus: Targets the UK's educated, active crypto traders while aligning with OANDA’s regulated forex markets.
Why the UK?
Lucian Lauerman, OANDA’s Head of Digital Assets, highlighted the UK’s appeal:
"The UK has high engagement, a well-informed market, and growing regulatory clarity. Crypto here is maturing similarly to our traditional markets."
OANDA’s Global Crypto Expansion
- U.S. Presence: Offers crypto via Paxos, regulated by New York’s NYDFS.
- European Shift: Relocated continental operations from Malta to Warsaw, Poland, acquiring TMS Brokers SA (now OANDA TMS).
FAQs
Q: Is OANDA Crypto available outside the UK?
A: Currently focused on the UK, but OANDA provides crypto services in the U.S. through Paxos.
Q: How does FCA registration benefit users?
A: Ensures compliance with anti-money laundering (AML) and consumer protection standards.
Q: What payment methods are supported?
A: Details pending, but expect bank transfers and major debit/credit cards.
👉 Explore OANDA’s crypto offerings for updates on supported tokens and features.
Disclaimer: This article reflects the author’s views, not investment advice. Verify details independently before trading.
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