Investing and trading platform IG has been granted a cryptoasset licence by the Financial Conduct Authority. The licence allows the firm to broaden its crypto offering for customers. IG is the first UK-listed company to join the FCA’s cryptoasset register.
IG Licence Enables Expanded Crypto Transfers
The platform launched crypto trading in June through a partnership with FCA-registered firm Uphold. With the new licence, customers will soon be able to transfer crypto assets in and out of the IG platform and access additional features. The licence also allows IG to expand the range of crypto assets available and provide more accurate pricing.
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Current IG crypto customers do not need to take any action. They will be migrated onto the IG platform in the coming weeks. Since adding crypto this summer, IG customers can trade stocks, indices, ETFs, FX, commodities, derivatives, and crypto assets in a single platform, consolidating access to multiple asset classes.
You may find it interesting at FinanceMagnates.com: IG Ends PayPal Payments for UK Users Following FCA Discussions.
Michael Healy, UK Managing Director at IG, said: “The FCA licence not only enables us to provide a wider range of crypto services, but it also gives our customers greater flexibility and control.”
“We’re excited to bring more than five decades of market experience to help shape the future of the UK’s rapidly growing crypto sector,” Healy added.
IG Launches Daily Tesla Share Options
IG has introduced daily options on Tesla shares, allowing traders to open and close positions within a single trading day. This is the first product of its kind globally for an individual stock.
The launch comes alongside the UK government’s “Leeds Reforms,” designed to boost retail participation in financial markets and support the development of the UK as a leading global financial centre.
While the Tesla options relate to a US-listed stock, IG’s campaign encouraging retail investment in UK-listed companies aligns with the reforms’ objectives.
