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IG becomes first UK-listed broker to be granted a crypto licence
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News Archives - City AM
IG becomes first UK-listed broker to be granted a crypto licenceIG becomes the first London listed business to be granted a crypto asset licence by the watchdogInvestment platform IG, has been granted a crypto asset licence by the UK’s financial watchdog enabling it to expand its services and cement its position as a multi-asset trading platform.
The decision makes IG the first UK-listed broker to join the Financial Conduct Authority’s (FCA) crypto asset register, marking a significant milestone for the rapidly growing UK sector.
The move will enable the firm to significantly expand its crypto offerings to customers, after launching crypto trading in June through a partnership with FCA-registered firm Uphold, prior to getting its licence.
IG customers will now be able to transfer crypto assets in and out of the IG platform as well as access additional features due to being added to the register.
The trading platform will also expand the range of assets available as well deliver more accurate pricing for clients.