Nasdaq-listed Coinbase (COIN) has secured U.K. regulatory approval to offer equities and derivatives alongside crypto, expanding its product suite in one of its largest international markets.
The new license enables institutional and advanced traders to access crypto, equity and commodity perpetual futures, Coinbase said in a blog post. Retail customers in the U.K. will also be able to trade equities on Coinbase for the first time.
The authorization sits alongside Coinbase’s U.K. e-money license and crypto registration. The company received FCA cryptoasset registration in February last year, allowing it to provide crypto and fiat services in the country.
U.K. users are getting access to products Coinbase has started rolling out overseas. U.S. users already have access to stock and exchange-traded fund trading, while eligible non-U.S. customers can trade USDC-settled stock perpetual futures on large-cap names including Apple, Microsoft and Tesla.
Coinbase has also said it plans to offer tokenized stocks backed one-for-one by U.S. equities to eligible non-U.S. users. Those products are meant to give investors ownership of the underlying shares, including dividends.