Expanding to the UK will make it easier to access bitcoin in one of the financial capitals of the world, San Francisco-based Coinbase said in a blog on its website.
Last month, Britain took a significant step towards becoming a global bitcoin hub as the government announced it would regulate digital currencies for the first time by applying anti-money laundering rules to exchanges.
Earlier this year, Coinbase raised US$75 million from several major financial institutions, including the New York Stock Exchange, USAA Bank and Spanish banking group BBVA .
Aside from processing bitcoin payments, Coinbase also provides wallet services for holders of the digital currency.
(Reporting by Supriya Kurane in Bengaluru; Editing by Cynthia Osterman)