Well-known crypto companies such as Coinbase, eToro, CryptoCompare, CEX.IO, BlockEx, CoinShares and CommerceBlock have recently announced the creation of CryptoUK. As stated on their official website, CryptoUK is a self-regulatory trade association established to promote higher standards of conduct. But why should these obvious competitors and big players unite? And is this becoming a trend?
Of course, their primary goal is perfectly clear: CryptoUK wants to lobby the U.K. government on behalf of their interests and to influence the market.