The exchange will unite with Binance.UK, Coinbase, CryptoCompare, Ripple, eToro, and others in leading the association’s strategic direction.
Digital asset exchange Dacxi is joining CryptoUK, a self-regulatory trade association for the U.K. cryptocurrency industry.
According to an announcement from CryptoUK today, Dacxi will be joining the group as its 8th executive member alongside exchanges Binance.UK, Coinbase, CryptoCompare, Electroneum, eToro, Ripple and Simmons & Simmons. Executive members are responsible for collaborating “to lead the association’s strategic direction” in addition to working with government policy makers in the U.K. to develop a regulatory framework for crypto.
Katharine Wooller, the managing director of Dacxi’s U.K. arm, said the addition of the exchange was evidence of the firm’s “growing role and influence in the U.K.’s crypto ecosystem.”
The self-regulatory group formed in early 2018 and has added more than 50 members as crypto adoption in the U.K. grows. Binance’s U.K. arm joined CryptoUK as an executive member in August, while crypto payments network Electroneum