IG has been granted its cryptoasset license by the Financial Conduct Authority (FCA), allowing the firm to expand its crypto offering for customers.

The investing and trading platform was the first UK-listed business to join the regulator’s cryptoasset register.

IG launched crypto trading in June through a partnership with FCA-registered firm, Uphold.

With its own FCA license, customers will now be able to transfer crypto assets in and out of the IG platform and access additional features.

The license also enables IG to expand its range of crypto assets available and deliver more accurate pricing for clients. Customers can currently trade stocks, indices, ETFs, FX, commodities, derivatives, and crypto assets.

UK managing director at IG, Michael Healy, said: "This marks a significant step forward for IG as we continue to broaden our offering for UK investors. The FCA licence not only enables us to provide a wider range of crypto services, but it also gives our customers greater flexibility and control. We’re excited to bring more than five decades of market experience to help shape the future of the UK’s rapidly growing crypto sector.

"We’d like to thank the FCA for conducting such an efficient registration process, which is a testament to the dedication and expertise of teams on both sides. We look forward to working closely with the FCA as we continue to build out our offering."

IG said that its current crypto customers do not need to take any action and will be migrated onto the IG platform in the coming weeks.

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