Coinbase, OKX and Binance partner with UK firms as regulations come into force | Headlines | News | CoinMarketCap

10/09/2023 20:17
Coinbase, OKX and Binance partner with UK firms as regulations come into force | Headlines | News | CoinMarketCap

Two weeks after the crypto exchange Bybit officially exited the UK market, citing the impact of new crypto marketing rules, several rival overseas …

Two weeks after the crypto exchange Bybit officially exited the UK market, citing the impact of new crypto marketing rules, several rival overseas players have adapted to the regime by teaming up with local partners. 

Coinbase and OKX are working with Archax to get their financial promotions approved, according to spokespeople for the exchanges. Binance, meanwhile, said in a blog post published Oct. 8 that it had partnered with Rebuilding Society, a regulated peer-to-peer lending firm that has dished out just £35 million ($42.6 million) in loans since launching in 2013, according to its website. 

The expectation is that these arrangements will allow the exchanges to continue serving UK customers from overseas despite new marketing rules from the Financial Conduct …

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