IG Group Offers Retail Crypto Trading with Uphold
IG Group, a UK-listed investment platform, now offers direct cryptocurrency trading for retail investors, becoming the first publicly traded UK company to do so. Through a partnership with Uphold, a US-based crypto firm, IG provides access to major cryptocurrencies like bitcoin and ether. Uphold manages trade execution and price data. Simon McLoughlin, Uphold’s CEO, sees this partnership as crucial for improving access to crypto in the UK. Previously, IG offered only crypto derivatives. This launch is part of IG's broad product range, including stocks, ETFs, and more. Michael Healy, IG's UK managing director, highlights this as a milestone coinciding with UK's growing crypto adoption and regulatory efforts. Recent government actions include consultations and draft rules for upcoming legislation.
FAQ
❓ What cryptocurrencies can IG Group customers trade?
Through Uphold, IG Group customers can trade major cryptocurrencies like bitcoin and ether.
❓ How does this partnership benefit retail investors?
The partnership provides retail investors direct access to cryptocurrency trading, enhancing their investment opportunities.
❓ What prompted IG Group to offer crypto trading?
Growing crypto adoption in the UK and increased regulatory clarity prompted IG Group to expand its offerings to include direct crypto trading.