OANDA Crypto will be based in London and get FCA registration thanks to last year’s acquisition of Coinpass.

US forex firm OANDA is launching a cryptocurrency trading platform in the UK, registered by the country’s regulator, the Financial Conduct Authority (FCA), based in London and dubbed OANDA Crypto.

According to the company, the platform is the result of last year’s acquisition of a majority stake in FCA-registered cryptocurrency firm Coinpass and will offer trading in more than 63 cryptocurrency pairs, including bitcoin, ether and Ripple, with plans to add new tokens and features throughout the year.

While some cryptocurrency companies tend to stay away from places like the U.S. and other heavily regulated jurisdictions, this was an attractive feature for OANDA, said the company’s head of digital assets Lucian Lauerman.

“The U.K. has a high level of participation, it’s a very educated and active market,” Lauerman said in an interview. “What we liked about the U.K. when it comes to cryptocurrencies is that it’s becoming more similar to the markets we’ve traditionally worked in. The regulatory bar has been set a little higher.”

OANDA already offers cryptocurrencies in the US through a partnership with Paxos, regulated by the New York State Department of Financial Services. The broker has also shifted its operations in continental Europe from Malta to Warsaw in Poland by acquiring Polish broker Dom Maklerski TMS Brokers SA, which has been rebranded to OANDA TMS.