IG Group Becomes First UK-Listed Firm to Offer Direct Crypto Trading
- IG Group becomes first London-listed firm to offer direct crypto trading.
- Crypto adoption in the UK rises as IG partners with Uphold for token access.
The UK’s expanding cryptocurrency market has marked a milestone as IG Group becomes the first London-listed company to offer direct crypto trading to retail investors. From this week, IG clients in the UK can buy and sell 38 different digital tokens, including Bitcoin, Ethereum, and the leading altcoins like XRP meme-inspired BONK. This offering is made possible through a partnership with the digital asset platform Uphold. The move signals a deeper integration of cryptocurrencies into the UK’s regulated financial sector.
IG Group Boosts Trust as UK Crypto Adoption Hits New Heights
Michael Healy, heading IG in the UK, labeled the launch as “a significant step in the country’s ongoing adoption of crypto.” He pointed out that now customers’ demands are so pressing that investors are looking for safe and reliable methods to join the digital token world. Healy noted that crypto is no longer a fringe asset class and that IG’s position as a UK-listed, regulated company gives it an edge in meeting this demand.
Although fintech firms like Revolut already provide crypto trading, IG’s entry marks the first formal step by a London Stock Exchange-listed company into this space. Healy believes this will add credibility to an industry long viewed with skepticism due to its volatility and past scandals. According to the Financial Conduct Authority, 12% of UK adults currently hold some form of cryptocurrency, a notable rise from 4.4% in 2021.
IG’s Crypto Launch Aligns With UK’s Evolving Regulation Plan
Users will be able to access a variety of tokens through IG’s service, handled by Uphold which will secure them. Still, users should remember that Uphold is not included in the Financial Services Compensation Scheme. So, retail investors will not be afforded the same protections as investors in traditional finance.
It represents IG adopting a new business approach centering on long-term investments and managing digital assets. According to Healy, including crypto in the range of products fits with the future of finance. At the same time, the UK plans to introduce tight regulations on crypto to ensure both the advancement and protection of users.
Even with high concerns over fraud and market instability, more institutions are interested in exploring blockchain technology. Getting banks like IG involved in the industry helps to raise its reputation. Many high-profile collapses in the crypto world have hurt investors’ trust.
As the UK finalizes its crypto regulations, IG’s launch may serve as a model for other listed companies. By combining retail accessibility with regulatory oversight, IG is helping bring cryptocurrencies into a more credible and secure investment environment.
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IG Group Becomes First UK-Listed Firm to Offer Direct Crypto Trading
- IG Group becomes first London-listed firm to offer direct crypto trading.
- Crypto adoption in the UK rises as IG partners with Uphold for token access.
The UK’s expanding cryptocurrency market has marked a milestone as IG Group becomes the first London-listed company to offer direct crypto trading to retail investors. From this week, IG clients in the UK can buy and sell 38 different digital tokens, including Bitcoin, Ethereum, and the leading altcoins like XRP meme-inspired BONK. This offering is made possible through a partnership with the digital asset platform Uphold. The move signals a deeper integration of cryptocurrencies into the UK’s regulated financial sector.
IG Group Boosts Trust as UK Crypto Adoption Hits New Heights
Michael Healy, heading IG in the UK, labeled the launch as “a significant step in the country’s ongoing adoption of crypto.” He pointed out that now customers’ demands are so pressing that investors are looking for safe and reliable methods to join the digital token world. Healy noted that crypto is no longer a fringe asset class and that IG’s position as a UK-listed, regulated company gives it an edge in meeting this demand.
Although fintech firms like Revolut already provide crypto trading, IG’s entry marks the first formal step by a London Stock Exchange-listed company into this space. Healy believes this will add credibility to an industry long viewed with skepticism due to its volatility and past scandals. According to the Financial Conduct Authority, 12% of UK adults currently hold some form of cryptocurrency, a notable rise from 4.4% in 2021.
IG’s Crypto Launch Aligns With UK’s Evolving Regulation Plan
Users will be able to access a variety of tokens through IG’s service, handled by Uphold which will secure them. Still, users should remember that Uphold is not included in the Financial Services Compensation Scheme. So, retail investors will not be afforded the same protections as investors in traditional finance.
It represents IG adopting a new business approach centering on long-term investments and managing digital assets. According to Healy, including crypto in the range of products fits with the future of finance. At the same time, the UK plans to introduce tight regulations on crypto to ensure both the advancement and protection of users.
Even with high concerns over fraud and market instability, more institutions are interested in exploring blockchain technology. Getting banks like IG involved in the industry helps to raise its reputation. Many high-profile collapses in the crypto world have hurt investors’ trust.
As the UK finalizes its crypto regulations, IG’s launch may serve as a model for other listed companies. By combining retail accessibility with regulatory oversight, IG is helping bring cryptocurrencies into a more credible and secure investment environment.
Highlighted Crypto News Today:
Russian Agricultural Bank Eyes Crypto for Grain Trade Settlements
Read More
Deutsche Bank Warns of Potential Distortion in U.S. Employment Data