Summary
- UK-listed company IG Group announced it has launched a spot cryptocurrency trading service for retail investors.
- This service, provided in partnership with Uphold, supports trading of 31 cryptocurrencies including Bitcoin, Ethereum, and Bonk.
- IG Group's new move is evaluated as reflecting the increasing adoption of cryptocurrencies in the UK, beyond their existing Contracts for Difference (CFDs) business.
Investment information company IG Group, which is listed in the United Kingdom, has launched a spot cryptocurrency trading service for retail investors.
According to Cointelegraph on the 2nd (local time), IG Group announced in an official statement, "We are offering cryptocurrency trading services for IG clients, supporting 31 cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and Bonk (BONK)," and added, "This new service has been launched through a partnership with Web3 financial platform Uphold."
Michael Healy, Managing Director of IG United Kingdom, stated, "The launch of the cryptocurrency trading service marks an important milestone for the industry," and continued, "Now retail investors can buy and sell cryptocurrencies through established companies."
The media reported, "IG had previously focused on cryptocurrency businesses through Contracts for Difference (CFDs), but now they have directly entered the spot market," and evaluated, "This signals increasing cryptocurrency adoption in the United Kingdom."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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