Crypto exchange Coinbase has won regulatory approval to offer stocks and derivatives to UK customers, the biggest expansion of its product line-up in one of its largest international markets and its latest move toward what it calls the “everything exchange.”

The exchange said Tuesday it had been granted a UK investment services authorization, sometimes called a MiFID license, from the Financial Conduct Authority, allowing it to offer traditional financial instruments beyond crypto.

Retail users will be able to trade equities on Coinbase for the first time, the company said in a statement, while institutional and advanced traders gain access to derivatives spanning crypto, equity, and commodity perpetual…