Which Crypto Exchanges are FCA-Approved in the UK?

You may be asking, which crypto exchanges are FCA-approved in the UK? Here’s the list of FCA-registered crypto exchanges.

Cryptocurrencies like Bitcoin and Ethereum are going mainstream. But trading on a reputable platform is a really important part of using crypto. That's where the Financial Conduct Authority (FCA) comes in.

The FCA steps in to let citizens know which exchanges are doing what they ask, and which ones don’t.

FCA approved vs FCA registered

These exchanges are not "approved" by the Financial Conduct Authority (FCA) in the traditional sense. Crypto assets and crypto asset services are not regulated in the UK. However, these exchanges are registered with the FCA. It does not mean that the FCA approves or endorses their activities.

The FCA has also established rules on the marketing of crypto assets. These rules are designed to ensure that investors understand the risks involved in crypto investments. The below exchanges try to meet these rules as part of its registration.

FCA registration

So what does FCA registration mean? It means that the exchange has met certain criteria.

FCA-Approved Crypto Exchanges

Here are the exchanges that are FCA-Approved in the UK. To be registered with the FCA, a crypto exchange must meet money laundering regulations, and businesses marketing to UK customers must also meet the FCA's financial promotion rules to ensure their marketing materials are fair, clear, and not misleading.

CoinJar

Of course we are here, all up at the top. But why wouldn’t we be?? CoinJar is a user-friendly exchange with a great reputation and probably the most competitive fees around.

It's a fantastic option if you're just starting out, or for serious traders there is an exchange here.

PayPal

While primarily a payment platform, PayPal now lets you buy, sell, and hold crypto. They are registered with the FCA.

Bitstamp

Bitstamp UK, an exchange started in Slovenia, is registered with the FCA under the Money Laundering Regulations 2017. This registration means that Bitstamp adheres to anti-money laundering (AML) and counter-terrorist financing (CTF) regulations.

Kraken

A US exchange, operating as a registered cryptoasset firm under the Money Laundering Regulations demonstrates Kraken's commitment to complying with UK's financial regulations.

Gemini

Another US exchange, Gemini has a broader selection of cryptocurrencies and might be a bit more complex for beginners but are FCA registered.

Coinpass

After registration, Coinpass (recently acquired by CFD provider Oanda) will be required to maintain ongoing compliance with FCA regulations.

Ziglu

This is a newer UK-based exchange offering a selection of cryptocurrencies.

How does FCA approval work?

The FCA doesn't hand out registrations lightly. Exchanges have to jump through hoops to prove they're trustworthy.

Is FCA registration a guarantee?

While FCA approval is a good sign, it's not a foolproof guarantee. Crypto is still a risky investment. Prices can go up and down quickly, and there's always the chance of scams. But choosing an FCA-registered exchange is a smart first step towards safer trading.

Key takeaway

Stick to FCA-approved exchanges. They offer a safer and more transparent experience, giving you peace of mind as you explore the fascinating world of cryptocurrencies.