Oanda extends trading services to include crypto

credit: Shutterstock
credit: Shutterstock

Foreign exchange company Oanda Global has announced the launch of its new crypto exchange service for private investors and traders in the UK. 

Oanda Crypto received regulatory approval from the Financial Conduct Authority (FCA) to operate its cryptocurrency services. The company asserts that its crypto offering has been designed to be secure and responsive. 

UK-based traders will gain access to Oanda’s cryptocurrencies on the platform that is backed up by OANDA’s reputation as a global leader in online multi-asset trading services, currency data, and analytics.

OANDA Crypto is a trading name of OANDA Coinpass Limited, a firm registered with the FCA that offers an trading experience in which clients can access easy, low-cost funding and withdrawal from UK bank accounts, trade cryptocurrency with market-leading liquidity, and rely on secure storage of all their crypto assets.

The platform currently supports trading in over 63 cryptocurrency pairs, including Bitcoin, Ether, and Ripple, with plans to add more tokens and features over the course of the year.

Lucian Lauerman, Head of Digital Assets, said: “With OANDA Crypto, we are staying true to our mission of making trading experiences smarter by bringing the reliability, security, and simplicity of our robust trading platforms into an easy-to-use app, making crypto attractive to UK traders and investors of all levels of experience.”

The move builds on OANDA’s August 2023 acquisition of a majority interest in OANDA Coinpass Limited and aligns with its plans to complement its existing strengths in CFD trading by providing UK clients with a fast and secure route to the digital economy.

The OANDA Crypto trading app gives traders the tools needed for greater access to the crypto market, including trading a wide range of popular cryptocurrencies, including stablecoins.

Additional benefits include access to advanced charts on desktop – over 100,000 public indicators, 110 smart drawing tools, and volume profile indicators via TradingView.