Aave Labs’ UK subsidiaries have obtained FCA crypto registration as cryptoasset exchange providers. Push Labs Limited and Push Virtual Assets Limited received the approval from the Financial Conduct Authority. The new step brings the regulated exchange status to the group’s EMI authorization.
Under the registration, Push can offer crypto exchange services in the United Kingdom. It includes activities related to crypto-to-fiat exchange services and fiat-to-crypto exchange services. With approval, Aave Labs has a more robust regulatory foundation for its UK offerings.
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FCA Crypto Approval Backs Zero-Fee Ramps
Under UK regulations, Push already has Electronic Money Institution (EMI) authorization. As per that license, they are permitted to issue e-money and provide fiat payment services. Both the EMI approval and the FCA crypto registration have given rise to a dual-permissioned model.
Aave Labs noted that the framework will be used for compliant on-chain financial products. The company intends to leverage the approvals of crypto services for consumers in the UK. It seeks to bridge the gap between centralized finance and decentralized finance.
The FCA crypto approval is in support of planned on-and-off ramping services. The company says it plans to provide these services free of charge. That model would save users money when transferring between fiat and digital assets.
The FCA crypto approval comes as the UK crypto laws continue to evolve. Regulators are pushing for a more comprehensive financial services regime for the sector. That framework will influence the operation of crypto companies in 2026.
Aave Labs founder and CEO Stani Kulechov welcomed the registration. The FCA authorization for EMI and cryptoasset registrations provides a regulatory base in the UK, he said. He further revealed that they provide support for zero-fee on-chain consumer financial products.
Aave GHO Gains Support From UK Approval
Aave began in 2017 under the name ETHLend. It changed its branding in 2020 and emerged as a leading decentralized lending platform. It is a platform for lending and borrowing that does not require custodial arrangements on multiple blockchain networks.
The FCA crypto registration could also help the native stablecoin of Aave, GHO. The integration of fiat can facilitate ease of access for users to enter stablecoin markets via regulated payment channels. GHO will be able to benefit from a smoother fiat integration.
The UK approval comes after a separate European approval of Aave Labs. Push Virtual Assets Ireland Limited was granted CASP permission by the Central Bank of Ireland in November 2025. This approval was granted under the EU’s MiCA framework.
With the authorization in Ireland, crypto services can be passported in the European area. It has helped facilitate zero-fee on- and off-ramps with euros on the stablecoin GHO and others. Those services operate under consumer protection and transparency standards.
Push now has a larger regulated base with the UK and EEA permissions. They are involved in product development in two large markets directly. They also mark a step towards Aave’s 2026 vision, which encompasses Aave V4, real-world asset offerings, and a consumer-first Aave app.
With the FCA crypto approval, Aave Labs moves one step towards a regulated consumer distribution in the UK. It also enhances Push’s position in the group’s fiat-to-crypto strategy. The approvals connect DeFi services with official financial regulations for Aave.
