The top online stock market IG Group (LON: IgG) has announced that it has received a Cryptosset license from the Financial Behavior Authority (FCA), allowing the business to significantly extend the encryption offer for customers.
IG becomes the first company registered by the United Kingdom to participate in the FCA Cryptosset register, signaling a milestone for the UK cryptographic sector.
IG started the Crypto Trading in June through a corporate relationship with FCA recorded, and its own license was under consideration. With its own FCA license, customers will soon be able to transfer cryptographic assets inside and outside the IG platform and have access to additional functions. The license also allows IG to extend the range of available encryption assets and provide more accurate pricing for customers.
In addition to the UK Home market, IG has been steps by expanding its potential in internationally encryption, recently acquiring an independent Australia -based encryption stock for $ 178 million.
Current IG Crypto customers do not need to take any action and will migrate to the IG platform in the coming weeks.
Michael Healy, CEO of the United Kingdom of IG, said, said,
“This marks an important step forward for IG as we continue to expand our offer for UK investors.
“We would like to thank the FCA for conducting such an effective registration process, which is proof of the dedication and expertise of the teams on both sides.
After the addition of encryption this summer, IG customers can now exchange stocks, indicators, ETFS, FX, goods, derivatives and cryptographic assets in one place – offering ease to those looking for exposure to a wide range of assets without malignant use.
About the IG group
IG Group provides online trading platforms and educational resources to boost ambitious customers around the world. Based in the United Kingdom, IG Group is a FTSE 250 company that offers customers access to C.19,000 financial markets worldwide