Coinbase Secures UK MiFID License for Equities and Derivatives

Coinbase has obtained a UK MiFID investment services license, enabling it to offer equities and derivatives beyond crypto. The license, granted to CB Payments, Ltd by the Financial Conduct Authority (FCA) on July 6, 2026, was announced on July 7. This marks Coinbase UK's largest product suite expansion, supporting its 'everything exchange' strategy to trade multiple asset classes on one platform. Retail users will gain stock trading capabilities, while institutional and advanced traders can access derivatives including crypto, equity, and commodity perpetual futures. The FCA Register shows CB Payments, Ltd is authorized for arranging deals in shares, futures, options, and contracts for differences, but cannot hold client money or offer contractually based investments to retail clients. Coinbase's Q1/2026 revenue was $1.4 billion, with $294 billion in assets and $5.2 trillion in trailing 12-month trading volume. Derivatives trading volume grew 169% year-over-year, with retail derivatives annualized revenue exceeding $200 million. The company has not yet disclosed launch dates, stock lists, fees, or specific derivative products. This license follows a £3.5 million FCA fine in 2024 for compliance deficiencies.