CoinVoice recently learned that on October 9, according to The Block, as the new UK regulations came into effect, major CEXs are seeking to cooperate with UK companies to obtain regulatory approval. Among them, Coinbase and OKX are working with Archax to obtain approval for their financial promotion activities.

Additionally, Binance also said in a blog post on Oct. 8 that it has partnered with Rebuilding Society, a regulated P2P lending firm that has issued just £35 million ($42.6 million) in loans since its launch in 2013.

George Morris, a partner at law firm Simmons & Simmons, said: "When these UK-based cooperatives enter into agreements with trading platforms, they approve promotions and actually take responsibility for those promotions. It is a mutually beneficial form of cooperation." [Original link]