CryptoUK, the first self-regulatory trade association for the digital currency industry of the United Kingdom, has added another member into the association. Dacxi, a digital currency exchange, is going to become a part of CryptoUK. As per the announcement from CryptoUK, this crypto exchange will join this association as its eighth executive member.
Commenting on this, the Managing Director at the United Kingdom arm of Dacxi Katharine Wooller stated that their company has a great influence in the digital currency ecosystem of the United Kingdom and is playing a significant role out there. Their company’s inclusion into the UK’’s leading trade association is evidence of the fact that the role of the cryptocurrency exchange in the country’s crypto market is growing potentially. Adding more to it, she said that she was excited about seeing her company becoming a part of this trade association along with other major firms from the cryptocurrency space.
Ian Taylor, the Chair of CryptoUK, welcomed Katherine and her team into his group and said that he is looking forward to collaborating and working together with them to build a regulatory framework for digital currencies, crypto-related businesses, and their clients in the United Kingdom. Dacxi will come with great resources and perspective into the committee, he said.
Prior to the addition of Dacxi, the UK’s trade group has seven members that are already part of this association. These include the major United States-based digital assets exchange platform Coinbase, Binance UK (the United Kingdom arm of the world’s largest cryptocurrency exchange in terms of trading volume Binance), the San Francisco-based famous cross-border remittance payments company Ripple, the London-headquartered international law company Simmons & Simmons, the major Israel-based social trading and multi-asset brokerage firm eToro, the digital currency payments network Electroneum, and CryptoCompare. With the inclusion of Dacxi, CryptoUK now has eight executive members in total.
The job of these executive members is to collaborate with each other and lead the strategic direction of this self-regulatory trade group. Apart from this, they also work with the policymakers of the government in the country in a bid to establish a regulatory framework for the digital currency sector.