IG Group, a business and financial services company listed in the United Kingdom, launches the cryptocurrency trade with retail investors, expanding its footprint in the space of digital assets.
IG customers can now access 31 cryptographic assets, notably Bitcoin (BTC), Ether (ETH), XRP (XRP) and a variety of altcoins and even even Bonk (Bonk), said company in a shared ad with Cointelegraph on June 2.
IG previously offered an exposure to cryptocurrencies via difference contracts (CFD), but this marks a direct entry into the cryptographic trading on site
IG Crypto exchange services came while the adoption of cryptography continues to grow in the United Kingdom in the midst of government pressure for a cryptographic regulatory regime.
Infrastructure and compliance provided by maintenance
The latest IG Crypto offer is launched in partnership with the crypto asset company based in the United States.
The offer is integrated on the IG platform and the IG Invest application, allowing customers to take cryptographic accounts to any other IG account, including trading of shares.
Réphord Géra all customer transactions and will provide prices data, its infrastructure entirely integrated into the IG user experience, companies said in a joint ad.
“It is a huge moment for the IG and an important step in the Crypto course of the United Kingdom, with retail investors now able to buy, sell and have cryptographic assets with an adult company,” said IG’s United Kingdom Managing Director Michael Healy.
The previous crypto of IG
The new IG offer brings the trading of crypto spots to retail investors after the company previously introduced CFD CRYPTO trading to institutional customers.
Unlike Spot Trading, which consists of buying and selling cryptographic assets at their current market prices, CFDs are financial instruments that allow traders to speculate on prices without having the underlying asset.
According to the IG website, the company allows its customers to exchange CFDs on 11 major cryptocurrencies, notably Bitcoin, Ether, Litecoin, Cardano and more.
In relation: The United Kingdom requires cryptographic companies to report each customer transaction
At the beginning of 2021, IG interrupted its retail crypto offer in the United Kingdom following a temporary ban on commercial cryptographic derivatives by the UK Financial Conduct Authority.
UK progressing with cryptographic regulations
IG’s latest passage in Crypto marks an important adoption step in the United Kingdom in the midst of regulators working on the introduction of industry standards and regulations.
On May 28, the British FCA launched a public consultation on the new rules offered for stable issuers and police custody.
In April, the British government published general regulations on cryptocurrencies like Bitcoin, aimed at protecting investors from crypto assets from investments and risk scams.
The news occurs while the adoption of the crypto is booming in the United Kingdom, the country having seen a massive increase in new crypto owners in the past year, exceeding Europe, according to Gemini.
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