Coinbase’s “Everything is fine” campaign highlights criticism of the UK’s slow regulatory pace.
The UK’s Financial Conduct Authority (FCA) will lift its ban on retail access to cryptoasset-backed exchange-traded notes (cETNs) starting October 8, 2025. This decision follows a consultation launched in June and reflects what the regulator calls a more mature market for these products.
Retail investors will be able to trade cETNs listed on FCA-recognised UK investment exchanges. However, the FCA confirmed that its ban on crypto derivatives for retail clients will remain in place. It stressed that consumers must understand the risks, noting that cETNs will not be protected under the Financial Services Compensation Scheme (FSCS).
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The FCA introduced the initial ban in January 2021, citing volatilit…
