IG Becomes First UK Broker to Join FCA's Crypto Asset Register
IG, a prominent UK-listed broker, has become the first to join the Financial Conduct Authority's (FCA) crypto asset register. This move allows IG to expand its crypto offerings, meeting growing demand and potentially increasing its market share in the sector.
IG's new crypto asset licence enables it to provide regulated services, including crypto asset transfers and additional features. This will give IG customers greater flexibility and control over their crypto assets. Michael Healy, UK managing director at IG, sees this licence as a significant step forward in broadening IG's offerings for UK investors.
The FCA's regulation of the cryptocurrency market aims to boost investors' trust in the asset class. Other prominent businesses on the FCA's crypto asset register include Gemini, Coinbase, and Coinpass. IG will work closely with the FCA to build out its crypto offerings, expanding the range of assets available and improving pricing accuracy for clients.
IG's entry into the FCA's crypto asset register is expected to meet growing demand for crypto and increase IG's market share in the sector. With its new licence, IG can now offer regulated crypto services to its customers, enhancing their flexibility and control over crypto assets. The FCA's regulation of the market aims to increase investors' trust in cryptocurrencies.
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