Binance.UK joins self-regulatory trade association CryptoUK, alongside Coinbase and Ripple

Binance.UK, which is set to launch in the coming months, has joined self-regulatory trade association CryptoUK as an executive member.

CryptoUK was launched in 2018 and counts Coinbase, Ripple and CoinShares, among others, as its founding members. The trade association said it is currently focused on responding to HM Treasury's current public consultation on cryptoasset promotions and contributing to the U.K.'s Cryptoasset Task Force's consultation on stablecoins, expected later this year.


Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy
By signing-up you agree to our Terms of Service and Privacy Policy

All the founding members joined CryptoUK in 2018, a spokesperson of the association told The Block. Binance.UK, which joined the group today, is set to soon launch a crypto trading platform in the country. A Binance spokesperson recently told The Block that Binance acquired EddieUK (now Binance Markets Limited), which is a regulated entity by the U.K.'s Financial Conduct Authority. 

Notably, earlier this month, Coinbase exited blockchain advocacy group the Blockchain Association following the entry of Binance.US. At the time, a Coinbase spokesperson told The Block that "decisions made now have the potential to irreparably impair the credibility of the association and make it increasingly difficult for it to achieve its goals and those of its members."

About Author

Yogita Khatri is a senior reporter at The Block, covering all things crypto. As one of the earliest team members, Yogita has played a pivotal role in breaking numerous stories, exclusives and scoops. With nearly 3,000 articles under her belt, Yogita holds the records as The Block's most-published and most-read author of all time. Prior to joining The Block, Yogita worked at crypto publication CoinDesk and The Economic Times, where she wrote on personal finance. To contact her, email: [email protected]. For her latest work, follow her on X @Yogita_Khatri5.