FCA warns against Crypto Exchange Pro

Financial Conduct Authority, the British financial regulator, published a warning about Crypto Exchange Pro.

Crypto Exchange Pro might seem to be a typical crypto exchange, but it is not. Since it allows short trading, spread betting and leverage, it clearly is a crypto broker.

And brokers need licenses to operate. But Crypto Exchange Pro has no license to provide investment services. Because it is targeting UK residents without the necessary authorization, the FCA has put it on its black list.

For trading use regulated brokers only.

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