Key notes
- The IG group of the United Kingdom now authorizes Crypto trading services against 31 digital currencies.
- This decision marks an increasing adoption of cryptography in the United Kingdom.
- Despite a tendency to positive adoption, the United Kingdom is not interested in establishing a strategic reserve of national bitcoin.
IG Group, listed in the United Kingdom, has launched a new offer that allows customers to exchange Bitcoin
BTC
$ 106 218
24h volatility:
0.6%
COURTIC CAPESSION:
$ 2.11 T
Flight. 24 hours:
$ 27.00 B
Ethereum
Ethn
$ 2,619
24h volatility:
3.3%
COURTIC CAPESSION:
$ 316.17 B
Flight. 24 hours:
$ 16.30 B
Xrp
Xrp
$ 2.21
24h volatility:
1.4%
COURTIC CAPESSION:
$ 129.58 B
Flight. 24 hours:
$ 1.87 B
and other digital currencies. This marks a significant expansion for the financial service provider, which had previously inflicted in the cryptocurrency sector.
IG Group gives access to 31 cryptographic assets
As reported by finance magnate, in addition to expanding its footprint in the digital asset sector, IG Group explores this negotiation strategy to offer trendy investors to its retail investors. From now on, these entities can exchange up to 31 cryptographic assets on the platform listed in the United Kingdom. This includes Bitcoin, Ethereum, XRP, Altcoins and the best coins such as Dogecoin
DOGE
$ 0.20
24h volatility:
1.9%
COURTIC CAPESSION:
$ 29.46 B
Flight. 24 hours:
$ 1.01 B
and bonk
Flag
$ 0,000018
24h volatility:
4.2%
COURTIC CAPESSION:
$ 1.36 B
Flight. 24 hours:
$ 153.69 M
.
In the past, the company has offered its investors an exhibition to the crypto through difference contracts (CFD).
A CFD is generally a financial agreement between two parties, commonly known as “buyer” and the “seller”. These financial instruments allow traders to speculate on prices without having the underlying asset.
At the time, IG group customers could exchange CFDs on 11 major cryptocurrencies, such as Bitcoin, Ethereum, Litecoin, Cardano, etc. However, the latest development is a more direct entry into cryptographic trading.
Generally, the traditional adoption of cryptography gradually increases in the United Kingdom, and the IG group’s decision to offer crypto trading services reflects this feeling. Michael Healy, director general of the United Kingdom of IG, noted that it marks a huge moment for the company and an important step in the Crypto trip of the United Kingdom.
The new offer, which brings trading to the point to retail investors, is integrated into the IG platform and the IG Invest application. This will allow customers to take cryptographic accounts to any other IG account.
The latest development is in collaboration with Holfor, which is regulated in the United States and the United Kingdom. Conclusion is to provide prices data and manage all cryptographic transactions carried out on the retail trading platform.
In addition, it will serve as a goalkeeper for digital assets held by IG customers.
The British regulator requests public comments on the stablescoins
Beyond Spot Crypto Trading, in a press release of May 28, the Financial Conduct Authority (FCA), the financial regulator of the United Kingdom, asked the public comments on the regulations offered on cryptocurrency and stablecoins. He described new proposals to which companies must comply before launching stablescoins or providing police custody services.
He also underlined to collaborate with the Bank of England to develop a clear and complete regulatory framework for Stablecoins.
This comes from FCA advocacy for stablecoins, citing their coherent and stable value. In this “last important step on the road to cryptography regulation”, transmitters must disclose customers how assets supporting these stablecoins are managed.
The public has until July 31, 2025 to provide comments.
Even with the growing interest in the adoption and regulation of cryptography in the United Kingdom, the government is still not interested in a Bitcoin national reserve. The economic secretary of the British Treasury, Emma Reynolds, recently said that Bitcoin’s holding as public reserves was not on the table.
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Benjamin Godfrey is a blockchain enthusiast and a journalist who savor the writing of actual applications for blockchain technology and innovations to stimulate general acceptance and global integration of emerging technology. His desire to educate people on cryptocurrencies inspires his contributions to renowned media and blockchain sites.
