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Crypto Exchange Blockchain.com Secures FCA Registration in UK
Yahoo Finance· 2026-02-10 16:59
Core Insights - Blockchain.com has secured registration with the UK's Financial Conduct Authority (FCA), allowing it to offer crypto services under a stringent regulatory framework, enhancing user protection and oversight of funds [1][3]. Company Overview - Founded in the UK in 2011, Blockchain.com has processed over $1.2 trillion in crypto transactions and serves 90 million wallets globally, highlighting its significant presence in the crypto market [2]. - The company has transitioned from York to London and has been part of the UK's tech landscape for over a decade, as noted by CEO Peter Smith [2]. Regulatory Developments - The recent UK registration follows Blockchain.com's MiCA license obtained last year, enabling operations across all 30 European Economic Area countries, positioning the company favorably in major regulated markets [3]. - The FCA is developing a comprehensive crypto regulatory regime set to launch in 2027, with Blockchain.com planning to apply for full authorization when applications open later this year [4]. Future Prospects - There are rumors that Blockchain.com is considering going public in the U.S. through a special purpose acquisition company (SPAC), which would allow it to raise funds and identify a target company for acquisition [4]. - If successful, this listing would add Blockchain.com to a select group of companies that have gone public since 2025, including USDC issuer Circle and crypto exchange Bullish [5].