CEX.IO Launches Spot Trading for UK Customers, Matching EU Offerings
CEX.IO has resumed spot trading services for UK customers, aligning their offerings with those available in the EU. This development allows users to trade over 100 cryptocurrencies, including Bitcoin and major altcoins.
- Services were paused in October 2023 due to regulatory compliance requirements but resumed in September 2024 after meeting anti-money laundering regulations.
- The Managing Director stated that spot trading enhances liquidity, leading to minimal price impact and a more stable trading environment.
- This move reflects compliance with AML regulations under the Financial Conduct Authority and aims to strengthen the company's market position.
Platform Growth
- CEX.IO has over 15 million users and offers access to more than 170 cryptocurrencies and 350 trading pairs.
- Recently added Wigwam and CEDEX platforms to enhance crypto and gaming innovation.
- Introduced a new aggregation engine to improve liquidity and optimize trading across markets.
- Added 18 new assets, potentially increasing market diversity and trading volume.