UK Bitcoin Exchange Coinfloor Opens Registration, Incentivizes Early Adopters

Coinfloor is now accepting registrations from users looking to conduct GBP-to-BTC trading.

AccessTimeIconMar 27, 2014 at 5:18 p.m. UTC
Updated Sep 11, 2021 at 10:35 a.m. UTC
Consensus 2023 Logo
Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.
Consensus 2023 Logo
Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.

UK-based bitcoin trading exchange Coinfloor launched its services on 27th March, meaning users are now able to register to trade pound sterling for bitcoin via the platform.

Coinfloor had originally aimed to start services on 5th November, but experienced delays due to technical problems.

— Coinfloor (@Coinfloor) March 27, 2014

Notably, the company has recognized the impact of the delay, and is offering an incentive program to those who submitted verification documents in November.

Coinfloor indicated these exchange users would each receive a 50% discount on trades made during the company's first 30 days of operation.

To be eligible, these users must also create an account on Coinfloor within the next five days.

Service improvements

In an email to Coinfloor customers, the company indicated that it has done extensive testing since November, upgrading its system to increase the reliability of its platform.

While it moved to assure early registrants that their data was safe, Coinfloor also indicated that due to this process, this group would need to repeat certain registration steps.

Read the email:

"Unfortunately this means that you will need to create a new account and submit verification documents again."

Verification, Coinfloor noted, could take up to one week.

About Coinfloor

Coinfloor indicates that it operates with a 100% cold storage policy. It also claims to provide the same security standards as the Bank of England, a prospect many customers are likely to appreciate given the recent issues reported by myriad bitcoin exchanges, including Bitcurex, Poloniex, and most notably, Mt. Gox.

Reads the Coinfloor website: "No bitcoin are ever stored on a server, ensuring that if an attacker had complete access to any of our online servers, our client bitcoin would not be compromised."

— Coinfloor (@Coinfloor) March 5, 2014

As of now, the exchange plans to stay bitcoin-only, though it has indicated it is monitoring other developments in digital currency.

For more information on Coinfloor, read our original launch coverage here.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.