Popular crypto exchange Binance intends to launch a new trading platform in the UK this summer, Reuters reports.
This new platform will focus on institutional and retail investors interested in buying and selling cryptos with pounds and euros. To speed up the payment process, the platform will be compatible with several solutions such as Faster Payments and SEPA.
The trading platform will be regulated by the UK's Financial Conduct Authority (FCA). 65 digital assets are being considered to be available when the platform is rolled out. Binance UK director Teana Baker-Taylor said:
"Interest and participation in the UK digital asset markets is growing; not just in-depth with its current participants, but also in breadth. As crypto services mature and evolve, we’re able to create new options to engage and capture interest from a wider audience."
Early last year, Binance rolled out a specialized exchange registered on the island of Jersey, a British Crown dependency, that allowed to trade the euro and the pound.
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