UK Finance Expels Coinbase One Week Before Britain's Crypto Licensing Window

UK Finance has expelled Coinbase from its membership after concluding crypto exchanges do not meet its criteria. The move lands a week before the FCA opens its authorization gateway for crypto firms, following a two-year lobbying push by the exchange in Westminster.

• UK Finance sent Coinbase a letter last week terminating its membership
• Coinbase can appeal; neither side has commented publicly
• The FCA's crypto authorization gateway opens in seven days
• Coinbase held 10 ministerial meetings in the UK in 2025, the most of any crypto firm