Protection and regulation
The account is covered by the UK’s Financial Services Compensation Scheme (FSCS): customer deposits are protected up to £85,000, just like at traditional banks. Coinbase says this gives users the same level of reliability and trust on a digital platform. Adding FSCS protection is meant to strengthen saver confidence.
Coinbase brings crypto and traditional finance together
Coinbase UK head Keith Grose said the launch shows a clear commitment to the British market. The company aims to offer financial solutions that address real needs and bring crypto and fiat under one roof. The goal is to become the UK’s leading financial app by combining crypto, fiat, and innovative products in a single ecosystem.
The new savings account is integrated with the rest of Coinbase’s services. Customers can already use the Coinbase Card to spend from crypto, stablecoin, or fiat balances, and now they can hold pounds in a regulated, interest-bearing deposit account. The 3.75% rate is above most high-street bank offers but below the top fintech deals.
Mitesh Savjani, Product and Growth Lead for Coinbase UK, added that the aim is to unify digital and traditional finance. British customers lack a single platform to manage both, and this account pairs higher-yield savings with access to more than 260 digital assets and stablecoins.
Coinbase plans to gradually expand access across the UK, ensuring smooth adoption and operational stability. The company sees the UK as a key international market and a pillar of its global expansion.
Strengthening its UK presence amid tighter rules
In early 2025, Coinbase secured Virtual Asset Service Provider registration from the Financial Conduct Authority, becoming the UK’s largest registered crypto exchange. That approval enables compliant financial products that bridge banking and digital assets under UK law.
The launch follows increased regulatory scrutiny across Europe. In 2024, Coinbase’s UK entity was fined for compliance issues, and in 2025 the Central Bank of Ireland imposed a $24.7 million penalty on Coinbase Europe for AML and transaction-monitoring gaps from 2021 to 2025. Coinbase says its compliance systems have since been fully upgraded.
Despite past challenges, Coinbase still views the UK as central to its long-term strategy. A regulated approach and the new savings product are designed to rebuild trust—combining financial safety with crypto access and laying the groundwork for mainstream adoption.
Integrating crypto and banking services
UK customers can now manage both savings and digital assets through a single Coinbase interface. The Clearbank partnership strengthens Coinbase’s operational base in the country and positions it as a serious challenger to established fintechs.
With FSCS coverage, interest accrual, and instant access, the new service blends crypto with banking technology, making Coinbase a full-fledged financial player.
The company intends to make the product available to all UK users in the coming weeks. It’s a clear signal that Coinbase is expanding beyond exchange services into broader digital finance—building a bridge between traditional and blockchain-based money.