Share this article
Scottish Tech Store CeX Drops UK Pound for Bitcoin
The company's two-day promotion celebrates its new bitcoin payments option and Scotland's first bitcoin ATM.
By Stan Higgins
Updated Sep 11, 2021, 10:45 a.m. Published May 13, 2014, 9:01 a.m.
Make us preferred on Google
Technology exchange and retailer CeX is making waves in the United Kingdom’s bitcoin ecosystem this week, launching a bitcoin-only payments initiative, as well as Scotland's first bitcoin ATM.
CeX has added bitcoin payments to its website, according to a post on the company’s blog yesterday. To commemorate the initiative, the retailer is undertaking a series of projects, which includes the ATM launch at its Sauchiehall Street, Glasgow, location.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The ATM, built by Lamassu, will charge 0% commission on bitcoin transactions, well below the rate of other similar machines in the UK, to entice shoppers unfamiliar with the young currency.
A two day-long 'pound-free zone' will also feature at the Glasgow store from 13th to 15th May, whereby customers will only be able to transact in bitcoin when buying or selling their electronics.
Scottish Independence
A CeX representative told CoinDesk that the project is, in spirit, connected to Scotland’s bid for financial and economic independence from the broader United Kingdom, saying:
“The trial is turning the Scottish high street into a bitcoin laboratory, highlighting alternative forms of currency should Scotland vote 'yes' in the forthcoming referendum.”
Eric Benz from the UK Digital Currency Association hailed the store's plan as "forward-thinking", adding that Scotland’s appetite for bitcoin is big and "growing exponentially" everyday.
He also noted that the currency has potential as a highly-political tool:
"Taking a step forward and promoting this incredible new technology would [...] allow Scotland to possibly become one of the leading financial technology countries in the world."
Budding growth for bitcoin
The CeX bitcoin launch represents some of the most significant news for bitcoin to come out of Scotland. However, there have been other bitcoin-related developments in the region that have introduced local residents to the digital currency.
In January, local bistro Brooklyn Cafe, situated in Glasgow’s Shawlands district, announced that it would accept bitcoin as a form of payment. At the time, manager Jonny McDonald told CoinDesk that, while many customers had heard about it, few actually knew how bitcoin worked.
This is a situation that may change: the CeX-hosted bitcoin ATM is Scotland’s first, and will surely act as a centre for bitcoin in the area, raising awareness and accessibility.
Within the UK, CeX's new Lamassu is a new entrant into a fast-growing ATM ecosystem occupied by familiar names like Robocoin.
Image via CeX
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Here’s why bitcoin’s is failing its role as a 'safe haven' versus gold
Bitcoin behaves more like an "ATM" during uncertain times, with investors quickly selling it to raise cash.
What to know:
- During recent geopolitical tensions, Bitcoin lost 6.6% of its value, while gold rose 8.6%, demonstrating bitcoin's vulnerability in times of market stress.
- Bitcoin behaves more like an "ATM" during uncertain times, with investors quickly selling it to raise cash, contrary to its reputation as a stable digital asset.
- Gold remains the preferred hedge for short-term risks, while bitcoin is better suited for long-term monetary and geopolitical uncertainties that unfold over years.
Top Stories
