CEX.IO launches spot trading in the UK, enhances liquidity, ensures regulatory compliance, and adds new assets to strengthen its market position.
By Temitope Olatunji
Edited by Marco T. Lanz
Updated
3 mins read
Crypto exchange company CEX.IO has expanded its offerings in the UK by enabling spot trading. With this update, UK customers now have the same trading options as users in the European Union, allowing them to trade over 100 cryptocurrencies, including Bitcoin, major altcoins, and meme coins.
The exchange initially paused its UK operations in October 2023 due to regulatory requirements for crypto firms to register and comply with the Financial Promotions policy. CEX.IO returned to the country in September 2024, and the launch of spot trading is among the features now available to UK-based clients. After complying with anti-money laundering regulations, CEX.IO resumed services allowing users to buy, sell, and convert cryptocurrencies.
CEX.IO UK Managing Director Rich Evans stated that enabling spot trading for UK users enhances liquidity, allowing trades with minimal price impact for a more economical and stable market. The exchange said:
“By providing UK customers with access to our Spot Trading platform, we substantially expand existing liquidity propositions in the region. This allows local traders to execute trades without significantly impacting prices, leading to a more cost-effective trading experience and healthier trading environment.”
Regulations in the EU have prompted exchanges and service providers to obtain licenses. The Markets in Crypto Assets (MiCA) framework aims to create a unified regulatory framework for digital asset service providers within the European Economic Area.
The recent spot trading announcement reflects a deeper commitment to compliance with AML regulations under the Financial Conduct Authority. The company’s growing presence in the region could strengthen its market position.
CEX.IO has grown to over 15 million users, providing access to more than 170 cryptocurrencies, 350 trading pairs, and a Mastercard-powered Crypto Card for worldwide transactions.
On December 26, the exchange announced the addition of Wigwam and CEDEX to its ecosystem, highlighting their role in advancing crypto and gaming innovation. Both platforms integrate advanced technology with bold concepts, contributing to the evolution of decentralized finance and gaming.
CEX.IO has also introduced a new aggregation engine to strengthen liquidity, minimize slippage, and optimize trading across spot and margin markets worldwide. The company has evolved from a Bitcoin mining pool to a comprehensive cryptocurrency trading platform.
Recently, CEX.IO added 18 new assets, including JTO, PYTH, BEAM, PENDLE, POPCAT, GRIFFAIN, NEIRO, USUAL, GOAT, and BERA. The addition of these assets could enhance CEX.IO’s trading ecosystem by increasing market diversity and liquidity while attracting more traders with broader investment opportunities. This, in turn, could boost trading volume and strengthen CEX.IO’s role in fostering growth and market stability.
Temitope is a writer with more than four years of experience writing across various niches. He has a special interest in the fintech and blockchain spaces and enjoy writing articles in those areas. He holds bachelor's and master's degrees in linguistics. When not writing, he trades forex and plays video games.
