Big news for UK investors: a public company is now offering cryptocurrency trading. IG, a well-known online trading platform, has joined forces with Uphold to let customers buy and sell Bitcoin and other digital assets.
This is a first for a public company in the UK. IG’s users can now trade cryptocurrencies directly, rather than just using derivatives. The company’s CEO says this is a major step forward for the industry.
IG has been around since 1974 and offers trading in stocks, forex, and more. It’s regulated in the UK and operates in many countries. With this move, IG is expanding its offerings to include direct cryptocurrency trading.
Uphold, a US-based cryptocurrency trading platform, will handle the trading and pricing data. This partnership is a sign that traditional financial companies are getting into cryptocurrencies.
Other companies, like Robinhood and eToro, already offer cryptocurrency trading. Now IG is joining the group. The UK government is also working on regulations for the cryptocurrency industry.
IG’s customers can now buy, sell, and hold cryptocurrencies like Bitcoin and Ethereum. This is a big deal for the UK’s cryptocurrency market. The company’s director says this is an important milestone for IG and the UK’s cryptocurrency journey.
Note: Investing in cryptocurrencies is high-risk and may not be suitable for everyone. Make sure to do your research and consult an expert before investing.