FCA opens authorisation gateway for UK crypto-asset firms
The move brings crypto firms under full FCA regulation for the first time, three months after the transition period for MiCA regulation in the EU ended.
The move brings crypto firms under full FCA regulation for the first time, three months after the transition period for MiCA regulation in the EU ended.
Coinbase Clearing will support USDC collateral and 24/7 settlement, and completes the firm’s CFTC-regulated derivatives infrastructure, which also includes a futures commission merchant (FCM) and derivatives exchange.
The offering will allow trading desks to hedge risk and express views on the market, without having to leave the workflow leveraged for spot and futures trading.
Blockchain-based venues will be able to trade tokenised US equities through permissioned automated market makers without registering as exchanges under the temporary relief.
Although institutional adoption of digital assets is on the up, obstacles around perception of these products and how the market close may function in a digital asset world were up for debate at TradeTech FX.
The regime will come into effect on 25 October 2027, and covers activities including operating cryptoasset trading platforms and dealing and arranging deals in cryptoassets.
The new offering provides a single interface combining FX and digital assets and allows desks to go live in 12 weeks as digital asset adoption gains pace across the industry.
The trade positions 24X among a small number of global venues offering both crypto and FX trading on the same technology infrastructure.
The new offering will provide clients with a single counterparty relationship and cross-margining exposure capabilities across US-listed equities, indices and digital assets through a 24/7 model.
The move onboards StoneX Digital onto EDX Markets, and will enhance market structure, operational efficiencies and liquidity access for StoneX Digital’s clients.