IG is the first public firm in the United Kingdom to offer purchase and sale of Bitcoin

By Hannah Pérez

Historical: For the first time in the United Kingdom a public company incorporates cryptocurrency trade for retail customers. IG associated with a hold to expand its offer.

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• Online negotiation platform expands to cryptocurrencies.
• He partnered with UPHOLD to allow retail customers to buy and sell Bitcoin.
• It is the first public company in the United Kingdom to integrate crypto trade.

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For the first time, a public company in the United Kingdom will offer cryptocurrency trade.

IG Groupan investment platform that lies its shares in the London Stock Exchange, has begun to offer cryptocurrency trade to retail investors, becoming the first public company in the United Kingdom to do so.

The new service, which is launched in alliance with UPHOLD, will allow British clients directly to digital assets such as Bitcoin (BTC) and Ethereum (ETH). In particular, Ig users can buy, sell, exchange and maintain cryptocurrencies from the same place where they operate with traditional vehicles such as actions and derivatives.

UPHOLDa cryptocurrency trade platform based in the United States, will be responsible for handling commercial execution and price data, integrating its infrastructure directly into the IG platform.

Simon McLoughlin, CEO of UPHOLDdescribed the initiative as a significant step towards crypto adoption in the United Kingdom.

“We want to give people better access to this kind of assets so that they can participate in the evolutionary financial world“McLoughlin commented in a statement.”Associations like this are so important to help us achieve that goal“

IG expands its offer to include cryptocurrencies

Founded in 1974, IG It is a pioneer company in the online commerce sector in Britain, which provides users with access to global financial markets, Forex, negotiation of shares, ETF, basic and derivative products. Regulated in the United Kingdom, it operates in more than a dozen countries, including USA, Europe, Australia and Singapore, with more than 346,000 active clients.

By including cryptocurrency trade in cash, the British company is expanding its available offer for operators providing direct access to the kind of emerging assets. Before, the Ig offer was limited only to cryptocurrency derivatives.

Previously, users of IG interested in exposing Bitcoin They could access by means of difference (CFD), a type of derived contract that allow investors to speculate on assets prices without having the underlying values, liquidating profits or losses depending on the difference between the entry and exit prices.

The integration of the platform is a clear sign of the growing movement between the companies of the traditional finance industry to incorporate digital assets in the middle of an increasingly large demand for investors.

This decision also places IG with the group of global companies, such as Robinhood, Etoro And recently Kraken, –To name a few–that combine the trade of traditional vehicles with cryptocurrencies in their offer for retail customers.

The measure of the London -based firm also coincides with the continuous progress of the United Kingdom’s plans to establish a regulatory regime for the cryptocurrency industry. A few weeks ago, the government published two consultation documents on legislation projects for activities such as cryptocurrency trade and the issuance of Stablecoins.

Michael Healy, IG managing director in the United Kingdom, described the launch as “A great moment for IG and an important milestone on the cryptocurrency trip of the United Kingdom“, Citing the growing adoption of the country and the recent regulatory clarity.

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Hannah Estefanía Pérez / Diariobitcoin

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