Subsidiaries of Aave Labs have gained approval from the UK Financial Conduct Authority to operate as a crypto exchange in the UK.
Push Labs Limited and Push Virtual Assets Limited have secured the approval alongside an existing Electronic Money Institution (EMI) authorization.
Stani Kulechov, Founder and CEO of Aave Labs, said that the EMI and crypto registrations provide the foundation for delivering next-generation on-chain consumer financial products in the United Kingdom.
The company is already approved to operate in EEA countries and is well positioned to scale its services.
In November 2025, Push Virtual Assets Ireland Limited secured authorization as a Crypto-Asset Service Provider (CASP) under MiCA [Markets in Crypto Assets regulation] from the Central Bank of Ireland.
Aave Labs is the creator of the Aave Protocol a decentralized lending and borrowing platform that is developing other blockchain based services.
As of this month, Aave has handled trillions in total volume and is one of the top 3 DeFi protocols by Total Value Locked.
