IG Group (LON: IGG) has achieved a significant regulatory milestone by obtaining full crypto asset authorization from the UK Financial Conduct Authority (FCA), positioning itself as the inaugural London-listed entity on the FCA's official crypto register according to Tuesday's official announcement.
The FCA greenlight enables IG to substantially enhance its cryptocurrency service portfolio, building upon the initial crypto trading capabilities launched in June through its strategic partnership with Uphold while awaiting regulatory clearance.
With comprehensive FCA licensing now secured, IG will introduce direct digital asset transfers, advanced trading functionalities, and expanded token selection with competitive pricing structures. Current cryptocurrency users will transition to IG's proprietary platform within upcoming weeks.
"This regulatory approval represents a pivotal advancement in IG's strategy to diversify investment solutions for UK clients," stated Michael Healy, IG's UK Managing Director. "Our FCA certification not only broadens our crypto service spectrum but significantly enhances client autonomy and portfolio management flexibility."
The integration of cryptocurrency services complements IG's established trading ecosystem encompassing stocks, indices, ETFs, forex, commodities, and derivatives, creating a consolidated multi-asset trading environment for retail investors seeking diversified exposure without maintaining multiple platform accounts.
Market response proved positive with IG shares climbing 1.23% to £10.74 during London trading hours.