Coinbase Launches Regulated Crypto Savings Accounts in the UK
Coinbase Launches Regulated Crypto Savings Accounts in the UK
Coinbase has announced the launch of regulated savings accounts in the UK, offering an interest rate of 3.75% and critical FSCS deposit protection. This makes Coinbase the first crypto-native exchange to provide such a service in the country, potentially boosting confidence and adoption in crypto financial products.
Coinbase has unveiled a new financial product in the United Kingdom: regulated savings accounts. The exchange highlighted that it is the first crypto-native platform to introduce such a service in the UK. Customers utilizing these accounts will benefit from a 3.75% interest rate, alongside the significant assurance of FSCS (Financial Services Compensation Scheme) deposit protection. This development marks a notable step in the integration of cryptocurrency services within established regulatory frameworks, aiming to enhance security and appeal for mainstream users.