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Blockchain.com Secures UK FCA Registration as Gemini Exits Market
Yahoo Finance· 2026-02-10 22:16
Core Viewpoint - Blockchain.com has secured registration with the UK's Financial Conduct Authority (FCA) to operate as a cryptoasset business, marking a significant milestone as competitor Gemini exits the UK market [1][2]. Company Background - Blockchain.com was co-founded in 2011 in York, England, and has evolved to become a major player in the crypto space, processing over $1.2 trillion in transactions and serving more than 90 million wallets globally [3]. - The company has deep British roots and has been part of the UK's tech landscape for over a decade, emphasizing its commitment to the UK market [3][5]. Regulatory Approvals - The FCA registration allows Blockchain.com to provide brokerage, custodial, and institutional-grade crypto services across the UK, enhancing its operational capabilities [3][5]. - This UK approval follows the company's acquisition of a MiCA (Markets in Crypto-Assets) license in late 2025, enabling it to offer services across all 30 European Economic Area countries [4]. UK Operations and Governance - The FCA registration supports Blockchain.com's ability to offer digital asset custody and wallet services, enterprise-grade compliance tools, and expand brokerage services in alignment with FCA standards [5]. - The company has strengthened its leadership by hiring executives from top financial and tech firms, including Citadel, Deutsche Bank, Goldman Sachs, BlackRock, and Uber, indicating a robust governance structure [6].