With the authorization, the crypto exchange platform that has more than 80 million global users, can now offer UK-localized e-money products.
Although timelines on the approval of spot Bitcoin ETF filings are uncertain, Grayscale said it remained "focused on uplisting GBTC to NYSE Arca as a spot Bitcoin ETF."
The crypto market is currently a sea of green, as Bitcoin, the world's largest crypto asset by market cap, leads the digital assets in a price rally that benefited most crypto holders.
The king of crypto pushed through the $41,000 price level without much resistance with short positions on BTC contracts, immediately liquidating as much as $54 million.
This project is historic, especially for the crypto industry, as it is the first satellite launch to be fully funded in DOGE cryptocurrency.
However, Bitcoin's latest move also caused $190 million worth of liquidated derivates, $150 million of which was in short positions.