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CEX.IO has resumed operations in the U.K. after a 10-month suspension, now focusing on FCA guidelines.
Crypto exchange CEX.IO has resumed its operations in the <a href="https://crypto.news/tag/united-kingdom/" target="_blank" rel="noopener noreferrer nofollow">United Kingdom</a> just 10 months after a voluntary suspension due to new regulatory policies. In a Sept. 12 press release shared with crypto.news, the platform noted that it had voluntarily halted services following the implementation of the Regime of Financial Promotions policy by U.K. regulators in October 2023.
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As of August, both existing and new clients can now access the platform, which has been updated to comply with the <a href="https://crypto.news/tag/fca/" target="_blank" rel="noopener noreferrer nofollow">Financial Conduct Authority</a>‘s regulations, CEX.IO says. The exchange noted that the U.K. was one of the “primary markets,” with local users representing over 69% of its total customer base across the European Economic Area as of October 2023.
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 “During the last four quarters of the exchange operations on the U.K. market (Q3 2022 — Q2 2023), the volume of transactions grew by 26.9% on average quarter to quarter.”
 CEX.IO
</blockquote>
The resumed services will offer access to 190 digital assets, with the company aiming to reestablish the U.K. as a primary target market by adhering to stringent regulatory and security standards.
CEX.IO’s return to the U.K. market is facilitated by approval from FCA-designated firm Gateway 21, although the exchange is still in the process of obtaining an anti-money laundering registration from the FCA. All services will be managed from Lithuania, requiring ongoing collaboration with Gateway 21, the press release reads.
Read more: <a rel="noopener noreferrer nofollow" href="https://crypto.news/fca-charges-man-for-operating-crypto-atms-that-handled-3-4m/"> FCA charges man for operating crypto ATMs that handled $3.4m </a>

CEX.IO resumes operations in UK after 10-month suspension

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