IG Group Launches Bitcoin, Ethereum, XRP Trading in UK
June 2, 2025
Key Notes
- UK’s IG Group now permits crypto trading services for 31 digital currencies.
- This move marks a growing crypto adoption in the UK.
- Despite a positive adoption trend, the UK is not interested in establishing a national strategic Bitcoin reserve.
UK-listed IG Group has launched a new offering that allows customers to trade Bitcoin
BTC
$104 125
24h volatility:
0.1%
Market cap:
$2.07 T
Vol. 24h:
$22.14 B
ETH
$2 492
24h volatility:
0.2%
Market cap:
$300.45 B
Vol. 24h:
$12.32 B
XRP
$2.15
24h volatility:
0.7%
Market cap:
$126.14 B
Vol. 24h:
$1.74 B
, and other digital currencies. This marks a notable expansion for the financial service provider, which had previously forayed into the cryptocurrency sector.
IG Group Provides Access to 31 Crypto Assets
As reported by Finance Magnates, apart from expanding its footprint in the digital asset sector, IG Group is exploring this trading strategy to provide trending investment options to its retail investors. Henceforth, these entities can trade up to 31 crypto assets on the UK-listed platform. This includes Bitcoin, Ethereum, XRP, altcoins, and top meme coins such as Dogecoin
DOGE
$0.19
24h volatility:
1.2%
Market cap:
$28.38 B
Vol. 24h:
$950.70 M
BONK
$0.000017
24h volatility:
2.5%
Market cap:
$1.27 B
Vol. 24h:
$126.56 M
.
In the past, the firm offered its investors exposure to crypto through Contracts for Difference (CFDs).
A CFD is typically a financial agreement between two parties, commonly referred to as the “buyer” and the “seller”. These financial instruments allow traders to speculate on prices without owning the underlying asset.
At the time, IG Group clients could trade CFDs on 11 major cryptocurrencies, like Bitcoin, Ethereum, Litecoin, Cardano, and more. However, the latest development is a more direct entry into spot crypto trading.
Related article: Bitcoin and Ethereum Lead as Crypto Liquidation Tops $724 Million
Generally, mainstream crypto adoption is gradually growing in the UK, and IG Group’s move to offer crypto trading services reflects this sentiment. Michael Healy, IG’s UK Managing Director, noted that this marks a huge moment for the company and a major milestone in the UK’s crypto journey.
The new offering, which brings spot trading to retail investors, is integrated across the IG platform and the IG Invest app. This will allow customers to switch from crypto accounts to any other IG account.
The latest development is in collaboration with Uphold, which is regulated in the US and the UK. Uphold’s responsibility is to provide pricing data and handle all crypto transactions made on the retail trading platform.
In addition, it will serve as custodian for the digital assets held by IG Group’s customers.
UK Regulator Seeks Public Feedback on Stablecoins
Beyond spot crypto trading, in a May 28 release, the Financial Conduct Authority (FCA), the United Kingdom’s financial regulator, asked the public for feedback on proposed regulations on cryptocurrency and stablecoins. It outlined new proposals that businesses must comply with before launching stablecoins or providing crypto custody services.
It also pointed to collaborating with the Bank of England to develop a clear and comprehensive regulatory framework for stablecoins.
This comes from FCA’s advocacy for stablecoins, citing their consistent and stable value. In this “latest milestone on the road to crypto regulation,” issuers must disclose to clients how the assets backing these stablecoins are managed.
The public has until July 31, 2025, to provide feedback.
Even with the growing interest in crypto adoption and regulation in the UK, the government is still not interested in a national Bitcoin reserve. The Economic Secretary to the UK Treasury, Emma Reynolds, recently stated that holding Bitcoin as state-owned reserves is not on the table.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Author
Godfrey Benjamin
Benjamin Godfrey is a blockchain enthusiast and journalist who relishes writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.
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