OANDA acquires Coinpass

Trading platform OANDA has announced the acquisition of a majority stake in Coinpass Limited, a United Kingdom-based crypto asset firm registered with the Financial Conduct Authority (FCA). 

The acquisition, which integrates a reputable crypto trading platform into OANDA’s existing multi-asset offerings, is seen as a direct response to the growing demand for safe and secure access to digital assets in the UK market.

OANDA’s step into crypto also aligns with the noticeable upward trend in UK’s crypto ownership, which more than doubled in 2022, according to an FCA consumer survey reported in June 2023.

OANDA’s CEO, Gavin Bambury, expressed enthusiasm about the acquisition, stating, “By adding Coinpass’ regulated crypto trading proposition to OANDA’s existing multi-assets offering, we will significantly expand our footprint and widen our appeal to a growing base of retail investors in the UK.”

Read More...