UK retail investors can now trade cryptocurrencies directly with IG Group, as it moves away from providing only CFD instruments for crypto trading. By doing this, investors are able to acquire, transfer, and hold real digital tokens like Bitcoin (BTC), Ethereum (ETH), and memecoins such as Bonk (BONK).
Broader access and seamless integration
IG has partnered with the Uphold platform, regulated in the UK and the US, to let clients purchase 38 cryptocurrencies. Many investors choose these digital currencies, such as BTC, ETH, and Dogecoin, to diversify their portfolios.
Uphold manages all the trading and pricing tasks to ensure everything follows the rules and is safe. The service is part of IG’s platforms and is also found in the IG platform and the IG Invest app. As a result, people can handle both crypto and traditional assets from the same account, which simplifies their trading process.
From CFDs to direct ownership
Previously, people used CFDs to invest in crypto through IG, but they did not receive the assets. Although CFDs make trading flexible, they don’t provide the rewards of ownership. An increasing number of digital asset investors now prefer to buy and sell directly. Investors can hold and transfer real crypto, which matches what is happening in the larger market.
The announcement happened as the UK’s Financial Conduct Authority (FCA) took steps to regulate crypto assets. Stablecoins, custody regulations, and how to lower investor risk are among the topics still being discussed. Working with regulated companies allows IG to follow the evolving standards for its crypto services.
Conclusion
IG Group’s move into crypto trading plays an essential role in shaping digital finance in the UK. Because of expanded asset selection, reliable regulation, and smooth integration, the company helps retail users to have more control and clarity. This change in approach updates what IG provides and helps it become an essential player in crypto markets.
