IG Group Becomes First UK-Listed Firm to Launch Crypto Trading

IG Group Becomes First UK-Listed Firm to Launch Crypto Trading

IG Group has launched crypto trading, becoming the first UK-listed firm to allow customers to buy, sell, and hold crypto assets directly. This strategic move positions IG to compete more effectively with emerging crypto-native platforms and neobanks that have recently expanded into traditional trading services.

So, the launch enables IG customers to trade a wide selection of digital assets, from popular coins like Bitcoin and Ethereum to smaller cryptocurrencies. The offering is part of IG’s wider plan to provide a one-stop platform where retail investors can trade stocks, indices, ETFs, forex, commodities, financial derivatives, and now, crypto assets.

IG Group Becomes First UK-Listed Firm to Launch Crypto Trading

“This is a huge moment for IG and a major milestone in the UK’s crypto journey,” said Michael Healy, UK Managing Director of IG. “We want to give investors a platform with transparent fees and integrated services across all major asset classes.”

The move comes amid increasing competition from crypto exchanges like Crypto.com and Kraken, which have started offering non-crypto products such as stocks and CFDs. Crypto.com recently acquired a CySEC-licensed broker and hired several ex-IG executives. Kraken has followed a similar strategy out of Cyprus.

IG’s crypto services are launched in partnership with Uphold, a global digital asset platform. Uphold will provide pricing data and execute all crypto transactions, with its infrastructure seamlessly integrated into IG’s trading ecosystem, including the IG Invest app.

So, Simon McLoughlin, CEO of Uphold, stated, “We’re proud to work with IG and bring crypto services to a broader market. This partnership supports our mission to democratize access to digital assets.”

Also, the launch follows the UK government’s unveiling of its new crypto regulatory framework, indicating a growing maturity in the digital asset space. IG’s integrated offering aims to capitalize on this momentum by providing both security and convenience to investors.

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