IG Group Launches Trading for 31 Crypto Assets Including Bitcoin and Ethereum
IG Group has launched a new trading platform allowing customers to trade Bitcoin, Ethereum, XRP, and 28 additional crypto assets. This marks an expansion from their previous offering of Contracts for Difference (CFDs) on 11 major cryptocurrencies.
Key Developments
- Access to 31 crypto assets including Bitcoin, Ethereum, XRP, Dogecoin, and BONK
- New offering enables spot trading for retail investors via IG platform and IG Invest app
- Collaboration with Uphold for pricing data and transaction handling
- Uphold will also provide custody for digital assets
Regulatory Updates
- The UK’s Financial Conduct Authority (FCA) seeks public feedback on stablecoin regulations until July 31, 2025
- FCA collaborating with the Bank of England to establish a regulatory framework for stablecoins
- No plans for a national Bitcoin reserve, as stated by Economic Secretary Emma Reynolds