Investment Platform Ig (IgG) said it has begun to offer crypto-trade to retail investors and became the first public listed company in the UK to do so.
This marks IG’s first offer of crypto exposure through the spot trading of Bitcoin
Ether and a number of smaller tokens.
The company’s Crypto service has previously been limited to derivatives products in the form contracts for difference (CFD).
Ig has joined forces with US-based crypto-focused fintech company by maintaining to build crypto-trade for its existing platforms that customers are currently using for trading shares, eg, raw materials and derivatives.
This can demonstrate the increasing integration between traditional funding (Tradfi) and digital assets that investors and dealers are now expecting to see.
The London-based company’s step also coincides with the ongoing development of Britain’s plans to establish a regulatory regime for the crypto industry. The government published two consultation papers in April on draft legislation on activities such as crypto trading and stableco -issuing.
Ig shares are about 0.25% higher in the day at the time of writing compared to the FTSE 100 index that is unchanged.
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