IG Group becomes the first UK-listed firm to receive an FCA cryptoasset license, enabling in-platform crypto transfers and expanded offerings.
The license boosts trust and transparency, affirming FCA’s commitment to a safer, regulated UK crypto ecosystem.
IG’s global crypto push continues, following the recent acquisition of Australia’s Independent Reserve for A$178 million.
IG Group announced that it has officially received its cryptoasset license from the Financial Conduct Authority (FCA).
As the first UK-listed company to be added to the FCA’s crypto register, IG is now cleared to offer fully regulated crypto services to its clients, and it’s a big deal for the evolving digital asset scene.
While IG initially launched crypto trading through a partnership with FCA-registered firm Uphold, this new license allows the broker to bring crypto fully in-house. Soon, customers will be able to transfer digital assets in and out of the IG platform and access a broader range of features and cryptocurrencies, all backed by IG’s strong regulatory foundation and nearly five decades of market experience.
Michael Healy, UK Managing Director at IG, highlighted the strategic importance of this milestone:
“This marks a significant step forward for IG as we continue to broaden our offering for UK investors. The FCA licence not only enables us to provide a wider range of crypto services, but it also gives our customers greater flexibility and control. We’re excited to bring more than five decades of market experience to help shape the future of the UK’s rapidly growing crypto sector.
We’d like to thank the FCA for conducting such an efficient registration process, which is a testament to the dedication and expertise of teams on both sides. We look forward to working closely with the FCA as we continue to build out our offering.”
The FCA’s role in crypto regulation has been growing steadily as the UK seeks to make its mark as a serious and safe crypto hub.
By green-lighting IG Group, the regulator is signaling both its high standards and its willingness to support established institutions looking to move into digital assets.
This development strengthens overall trust in the UK crypto ecosystem. With institutional investors and retail traders alike demanding more transparency and compliance, FCA approval gives IG a clear competitive edge.
IG’s crypto ambitions don’t stop at the UK. The company has also made global moves, most notably its recent A$178 million acquisition of Australian crypto exchange Independent Reserve. It’s clear that IG is investing heavily in becoming a serious player in the digital asset space.
For existing crypto customers on IG, they will be migrated to the IG platform in the coming weeks, gaining access to new features and a wider selection of cryptocurrencies. And for new customers, it means the convenience of trading everything, from stocks and ETFs to crypto and FX, all in one secure, regulated place.
By
Staff Writer
