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Crypto.com is expanding its operations in the UK

Singapore-based cryptocurrency platform Crypto.com has registered with Britain’s financial services regulator, the company announced on Wednesday.

Crypto.com has joined the Financial Conduct Authority (FCA) register, which means it is approved to offer cryptocurrency services and products to customers in the UK.

The UK is a “strategically important market for us”, said Crypto.com CEO Kris Marszalek, citing the rise in cryptocurrency usage in the country and the government’s plan to make Britain a hub for digital assets.

The FCA has faced backlash from the industry in the past after rejecting registration applications from dozens of cryptocurrency companies.

Crypto.com, which has 50 million customers worldwide, registered in South Korea last week and in Italy in July.

Source: Capital

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