IG Group Opens Crypto Trading to UK Retail Investors, Including XRP
IG Group, a major UK-listed trading and financial services provider, has officially entered the cryptocurrency market by launching spot crypto trading for retail investors. The move significantly broadens IG’s digital asset offerings, allowing clients to buy, sell, and hold cryptocurrencies directly through the IG platform and the IG Invest mobile app.
Previously, IG allowed crypto exposure only through contracts for difference (CFDs). With this latest development, retail investors can now access spot trading in 31 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), XRP, and a selection of altcoins and memecoins like Bonk (BONK).
The new service is powered by a partnership with Uphold, a US-based digital asset platform regulated in both the UK and the US. Uphold will facilitate transactions and provide pricing data, ensuring a seamless and secure user experience. Customers will be able to manage their crypto holdings alongside other IG accounts—such as stock trading—through a unified interface.
Michael Healy, IG’s UK Managing Director, described the launch as a milestone for crypto adoption in the country. “This marks a significant step forward in the UK’s digital asset journey,” Healy said. “Retail investors can now engage with cryptocurrencies through a trusted and regulated financial institution.”
The timing of IG’s crypto expansion aligns with the UK government’s broader push to regulate digital assets. The Financial Conduct Authority (FCA) recently opened a consultation on proposed rules for stablecoin issuers and crypto custodians, while draft legislation introduced in April aims to create a safer environment for crypto trading and protect investors from fraud and high-risk activities.
IG’s entry into the spot crypto market is expected to boost retail participation and increase confidence in digital assets. By offering a wide selection of cryptocurrencies and integrating with a trusted platform, IG positions itself as a forward-looking financial services firm embracing the future of finance.
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