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IG Group is revolutionizing crypto trading in the UK!
IG Group launches crypto trading in the UK, providing access to 31 cryptocurrencies and responding to investor interest.
IG Group is revolutionizing crypto trading in the UK!
IG Group (IGG) became the first British public company to launch cryptocurrency trading. This represents a significant change in company policy, as previously investors could only access cryptocurrencies through derivatives in the form of contracts for difference (CFDs). Now IG allows UK investors to trade 31 different digital assets directly, including well-known currencies such as Bitcoin, Ethereum and Dogecoin. With this move, IG is responding to increasing demand from private investors interested in digital assets, as reported by Managing Director of IG UK, Michael Healy.
The partnership with the fintech company Uphold, a regulated digital asset platform from the USA, is another important aspect of this initiative. Uphold will manage all transactions and price data for IG Group, providing credibility and security in this new trading space. Healy called the launch of direct trading a “milestone in the UK’s crypto journey.” With a market share as the largest CFD provider worldwide, IG shows a strong commitment to cryptocurrencies.
Increasing acceptance of cryptocurrencies
A survey has found that almost 12% of adults in the UK now own cryptocurrencies, an increase of 4% compared to 2021. This increasing acceptance means that crypto is no longer viewed as a fringe asset class. Healy emphasizes that customers now seek secure access to digital tokens from trusted providers.
The UK government also plans to regulate digital assets to make the country a “world leader” in the crypto space. These developments indicate a favorable environment for crypto trading and the acceptance of digital assets by the general public.
Positive market reactions
Following the announcement of the new trading opportunities, IG Group shares rose about 0.25 percent. This could be due to the positive market feedback and increased interest in crypto investments. With the return to a direct trading offering following regulatory restrictions in 2021, IG Group is positioning itself as a pioneer in the UK crypto landscape.