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- Oanda Global Corporation has launched a new crypto trading platform, OANDA Crypto, specifically designed for private investors and traders in the United Kingdom.
- The crypto trading platform operates under the umbrella of OANDA Coinpass Limited, registered with the UK Financial Conduct Authority.
- OANDA Crypto’s trading application and desktop platform offer advanced trading tools and features, including extensive charting capabilities supported by TradingView.
The US-based financial service chain Oanda Global Corporation has received approval to initiate crypto activities in the United Kingdom.
Oanda Introduces Crypto Services in the UK
Oanda Global Corporation has introduced OANDA Crypto, a new crypto trading platform specifically designed for private investors and traders in the United Kingdom. OANDA Crypto aims to provide a user-friendly and secure trading environment for users by leveraging the solid assets of the FX brokerage firm in the online trading, market data, and analytics sectors.
The crypto trading platform operates under OANDA Coinpass Limited, registered with the UK Financial Conduct Authority. It supports 24/7 trading in more than 63 crypto pairs, including Bitcoin
UK-based users can easily fund and withdraw from their UK bank accounts, engage in trading with substantial liquidity, and benefit from secure storage for crypto assets. OANDA Crypto’s trading application and desktop platform offer advanced trading tools and features, including extensive charting capabilities supported by TradingView.
Preparations for Oanda’s crypto launch have been ongoing since August 2023.
OANDA’s acquisition of FCA-registered Coinpass last year implied that the global brokerage firm would launch its own-branded crypto trading service after a successful technology integration. This acquisition expands OANDA’s existing portfolio, complementing a wide range of CFD instruments, including indices, forex, commodities, metals, and bonds.
OANDA Crypto, through OANDA Coinpass Limited, provides a platform for retail investors, professional traders, and businesses to invest in and trade cryptocurrencies. The company, through its technology solutions, provides access to fiat/crypto, crypto/crypto, and stablecoin pairs.
This move aligns well with the increasing trend of cryptocurrency ownership in the United Kingdom. It has doubled in the past year, as revealed in a consumer survey conducted by the FCA in June 2023. Coinpass was established five years ago in response to the growing demand for access to digital assets in the UK. Since its inception in 2018, the company has focused on providing a digital layer facilitating seamless transactions between traditional banking and the world of cryptocurrencies.