IG Wins FCA Nod, Expands UK Crypto Reach
IG Group, one of the UK’s leading online brokerages, has reached a major milestone in its crypto journey. The Financial Conduct Authority (FCA) has granted the company a cryptoasset license. Now, the company can significantly expand its crypto offering. This approval makes IG the first UK-listed business to appear on the FCA’s cryptoasset register.
About FCA License Approval
The FCA’s approval makes the IG Group the first UK-listed company to secure this status. It shows the importance of regulated pathways for crypto adoption. For investors, this means greater assurance that IG’s crypto operations meet strict UK standards on transparency, security, and compliance.
This license expands the scope of services IG can deliver. Until now, the company had been operating through a partnership with FCA-registered firm Uphold. Its application was under review. IG gets autonomy and the ability to integrate crypto directly into its platform with its own license.
Expanded Crypto Offering for Customers
The FCA license brings several benefits for IG’s customer base. Soon, investors will be able to transfer crypto assets in and out of the IG platform. It’s a feature that was not available under the previous partnership structure. It is a step toward treating crypto more like traditional asset classes within IG’s system.
The approval also enables IG to broaden the crypto assets range available to clients. The company can deliver more accurate pricing alongside this. It ensures tighter spreads and better execution. Importantly, existing customers do not need to take any action. The migration to IG’s licensed platform will be seamless and rolled out in the coming weeks.
International Expansion Moves
IG has also been active in building global crypto capabilities. A significant move came with the acquisition of Independent Reserve — an Australia-based crypto exchange — for A$178 million. This acquisition diversifies IG’s portfolio and extends its reach into one of Asia-Pacific’s more developed crypto markets.
About IG Group
Stuart Wheeler Founded IG Group in 1974. IG Group is a global online trading and investment services provider. The company offers access to approximately 19,000 financial markets. It serves over 240,000 clients worldwide. IG Group promotes financial freedom through its innovative trading platforms and educational ecosystem.
Summing Up
IG’s entry into the FCA’s cryptoasset register shows progress for the UK crypto industry. Regulatory approval ensures that investors can access crypto through a trusted, established provider.Register your company now and get featured on our homepage!
