Coinbase Inc., one of the largest cryptocurrency exchanges, said it obtained an e-money license in the U.K. as it expands services in Europe. The firm also opened an account at Barclays Plc, easing deposits and withdrawal for clients.
The license will let Coinbase provide payment services and issue e-money in the country, enabling it to strike more partnerships with other companies, the venture said Wednesday in a statement. The rights, granted by the nation’s Financial Conduct Authority, will extend to more than 20 other European Union countries, it said.