Fintech UK is looking to partner with registered / regulated (or soon to be) cryptoasset firms on building out a cryptoasset section on our website. If you are senior executive at a UK registered cryptoasset firm, please contact us here to discuss the proposed project. Also happy to hear from senior executives at businesses which support crypto firms to support the project. See our CRYPTO page for more information
If you are are crypto firm seeking regulatory advice or director services, please contact CompliReg for assistance at the details appearing here and check out its VASP registration and other authorisation services here.
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If you are are crypto firm seeking regulatory advice or director services, please contact CompliReg for assistance at the details appearing here and check out its VASP registration and other authorisation services here.
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Welcome to the version 9.0 of Fintech UK's and CompliReg's (a leading provider of fintech consulting services to crypto asset firms) UK FCA registered Cryptoasset Firms Map.
How many registered cryptoasset firms are there in the UK?
How many registered cryptoasset firms are there in the UK?
There are now 44 registered Cryptoasset firms appearing on the Financial Conduct Authority's (FCA) website as at 27th February 2024. The last firm registered was on that date. Since the start of 2024 one firm has been de-registered.
Joining Version 9.0 of the Map are Portofino Technologies UK Limited (27 February 2024) and BNXA UK VASP Limited (09 February 2024) have been registered by the UK FCA
Joining Version 9.0 of the Map are Portofino Technologies UK Limited (27 February 2024) and BNXA UK VASP Limited (09 February 2024) have been registered by the UK FCA
Three cryptoasset firms lost their registration in 2023 and 2024, these are:
(1) BottlePay Limited originally registered on 17 December 2021 which closed its app to UK customers on 24th July 2023;
(2) Digivault Limited originally registered on 12 May 2021 which went into insolvency administration on 19 April 2023;
(3) Genesis Custody Limited originally registered on 20 December 2021. There is no information nreadily available from the UK as to the date it was de-registered, but it happened sometime between the release of Version 8.0 of the Map on 27 January 2024 and today (26 March 2024). When search for its deregistration date a google snippet returns "This firm can no longer provide regulated activities and products, but previously was authorised by the FCA and/or PRA. Firms we regulate may also carry out activities that are not regulated by either the FCA or the Prudential Regulation Authority (PRA)". No doubt connected to the Chapter 11 proceedings in the USA.
(1) BottlePay Limited originally registered on 17 December 2021 which closed its app to UK customers on 24th July 2023;
(2) Digivault Limited originally registered on 12 May 2021 which went into insolvency administration on 19 April 2023;
(3) Genesis Custody Limited originally registered on 20 December 2021. There is no information nreadily available from the UK as to the date it was de-registered, but it happened sometime between the release of Version 8.0 of the Map on 27 January 2024 and today (26 March 2024). When search for its deregistration date a google snippet returns "This firm can no longer provide regulated activities and products, but previously was authorised by the FCA and/or PRA. Firms we regulate may also carry out activities that are not regulated by either the FCA or the Prudential Regulation Authority (PRA)". No doubt connected to the Chapter 11 proceedings in the USA.
How many unregistered crypto firms appear on the FCA register?
There are now, as at 27 March 2024, 69 'unregistered cryptoasset firms according to the latest FCA records. Now while this is steady since the publication of the Version 8.0 Map, two new companies now appear on the unregistered list, being:
The number of 69 unregistered firms is a significant reduction since the time we released Version 1 when there were 218 (thereabouts) unregistered cryptoasset business that appeared to the FCA to be carrying on cryptoasset activity but not registered with the FCA for anti-money laundering purposes.
As we continue to Map registered Cryptoasset firms, expect to see certain logos appear more than once as several brands will be registering several Cryptoasset firms for different purposes, such as - for example - services for (1) trading and (2) custody. An example of this is in fact Zodia. While Zodia Markets (UK) Limited was registered on 27 July 2022, its affiliate Zodia Custody Limited was registered effective 15 July 2021.
There are now, as at 27 March 2024, 69 'unregistered cryptoasset firms according to the latest FCA records. Now while this is steady since the publication of the Version 8.0 Map, two new companies now appear on the unregistered list, being:
The number of 69 unregistered firms is a significant reduction since the time we released Version 1 when there were 218 (thereabouts) unregistered cryptoasset business that appeared to the FCA to be carrying on cryptoasset activity but not registered with the FCA for anti-money laundering purposes.
As we continue to Map registered Cryptoasset firms, expect to see certain logos appear more than once as several brands will be registering several Cryptoasset firms for different purposes, such as - for example - services for (1) trading and (2) custody. An example of this is in fact Zodia. While Zodia Markets (UK) Limited was registered on 27 July 2022, its affiliate Zodia Custody Limited was registered effective 15 July 2021.
Which businesses are registered by the UK FCA as cryptoasset firms?
The firms thus far registered by the FCA include:
2024: BNXA UK VASP Limited and Portofino Technologies UK Limited
2023: Interactive Brokers (U.K.) Limited, Bitstamp UK Limited, Komainu UK Limited and PayPal UK Limited
2022: X Capital Group Limited, Enigma Securities Ltd, Light Technology Limited, eToro (UK) Ltd, Uphold Europe Limited, Wintermute Trading LTD, Rubicon Digital UK Limited, DRW Global Markets Ltd, Zodia Markets (UK) Limited, Foris DAX UK Ltd (aka Crypto.com), Revolut Ltd**, Tullett Preborn (Europe) Ltd, MoonPay (UK) Ltd and Hidden Road Partners CIV UK Ltd.
2021: Fibermode Limited, Zodia Custody Limited, Ramp Swaps Limited, Solidi Ltd, OANDA Coinpass limited (formerly Coinpass Limited), CoinJar UK Limited, Trustology Limited, Commercial Rapid Payment Technologies Limited, Iconomi Ltd, Skrill Limited, Paysafe Financial Services Limited, Crypto Facilities Ltd, Fidelity Digital Assets LTD, Payward Limited, Galaxy Digital UK Limited, BABB Platform Ltd, BCP Technologies Limited, Zumo Financial Services Limited, Baanx.com Ltd, Bottlepay Ltd [closed July 2023]*, Genesis Custody Limited [deregistered 16 February 2024 thereabouts]* and Clear Junction Digital Limited, (formerly Altalix Ltd).
2020: Archax Ltd, Gemini Europe Ltd, Gemini Europe Services Ltd, Ziglu Limited and Digivault Limited [insolvency 19 April 2023]*.
*= deregistered cryptoasset firms
** Revolut group still has not achieved its much talked about ambition of securing a bank authorisation in the UK.
We are looking forward to seeing how many more will be registered during 2024.
The firms thus far registered by the FCA include:
2024: BNXA UK VASP Limited and Portofino Technologies UK Limited
2023: Interactive Brokers (U.K.) Limited, Bitstamp UK Limited, Komainu UK Limited and PayPal UK Limited
2022: X Capital Group Limited, Enigma Securities Ltd, Light Technology Limited, eToro (UK) Ltd, Uphold Europe Limited, Wintermute Trading LTD, Rubicon Digital UK Limited, DRW Global Markets Ltd, Zodia Markets (UK) Limited, Foris DAX UK Ltd (aka Crypto.com), Revolut Ltd**, Tullett Preborn (Europe) Ltd, MoonPay (UK) Ltd and Hidden Road Partners CIV UK Ltd.
2021: Fibermode Limited, Zodia Custody Limited, Ramp Swaps Limited, Solidi Ltd, OANDA Coinpass limited (formerly Coinpass Limited), CoinJar UK Limited, Trustology Limited, Commercial Rapid Payment Technologies Limited, Iconomi Ltd, Skrill Limited, Paysafe Financial Services Limited, Crypto Facilities Ltd, Fidelity Digital Assets LTD, Payward Limited, Galaxy Digital UK Limited, BABB Platform Ltd, BCP Technologies Limited, Zumo Financial Services Limited, Baanx.com Ltd, Bottlepay Ltd [closed July 2023]*, Genesis Custody Limited [deregistered 16 February 2024 thereabouts]* and Clear Junction Digital Limited, (formerly Altalix Ltd).
2020: Archax Ltd, Gemini Europe Ltd, Gemini Europe Services Ltd, Ziglu Limited and Digivault Limited [insolvency 19 April 2023]*.
*= deregistered cryptoasset firms
** Revolut group still has not achieved its much talked about ambition of securing a bank authorisation in the UK.
We are looking forward to seeing how many more will be registered during 2024.
The post accompanying Version 9 appears at:
Further Reading:
- CompliReg: https://complireg.com/blogs--insights.html
- Linkedin: https://www.linkedin.com/posts/peteroakes_cryptoasset-digitalasset-cryptoasset-activity-7178473869693906945-QvaK
Further Reading:
- Version 1 of the Map and the Blog of 20 December 2021 - located here
- Version 2 of the Map and the Blog of 18 July 2022 - located here
- Version 3 of the Map and the Blog of 28 July 2022 - located here
- Version 4 of the Map and the Blog of 20 September 2022 - located here
- Version 5 of the Map and the Blog of 26 September 2022 - located here
- Version 6 of the Map and the Blog of 1 April 2023 - located here
- Version 7 of the Map and the Blog of 10 October 2023 - located here
- Version 8 of the Map and the Blog of 27 January 2024 - located here
- List of Unregistered Cryptoasset Businesses as of today - located here
- Letter issued by UK FCA on 5 April 2023 to UK and overseas cryptoasset firms on financial promotion rules - located here
- Financial Conduct Authority, has issued 146 alerts in first 24 hours of new crypto marketing regime as at 10 October 2023 - located here.
- UK crypto regulation is 'catching up' to other markets while maintaining 'bottom-up' benefits (US helped ‘soften’ FCA) - located here.