IG Group, a $3.5 billion UK primarily based on-line buying and selling supplier is launching retail buying and selling for XRP and 37 different cryptocurrencies. As probably the most broadly recognised cryptocurrencies, XRP’s inclusion is predicted to draw new customers and supply current merchants with extra alternatives for progress and threat administration.
IG Group Becomes First London-Listed Broker to Offer Spot XRP Trading
In partnership with the US-based crypto asset agency Uphold, IG Group allows retail traders to commerce 38 cryptocurrencies on its platform beginning June 3, making it the primary London-listed dealer to supply spot crypto buying and selling. Hailing this as a significant milestone, IG UK managing director Michael Healy said, “This is a huge moment for IG and a major milestone in the UK’s crypto journey, with retail investors now able to buy, sell and hold crypto assets with a grown-up business.” He added,
Crypto is now not a fringe asset class. Our shoppers need safe, dependable entry to digital tokens from a trusted supplier—and as a UK-listed, regulated firm, we’re ideally positioned to fulfill that want.
Via this partnership, IG Group’s platform will supply crypto buying and selling with Uphold offering custody and execution companies. However, belongings with Uphold aren’t coated by the Financial Services Compensation Scheme, and customers can solely commerce with absolutely paid positions, with out leverage.
As identified by Healy, this strategic transfer addresses the rising demand for XRP and different cryptocurrencies. “Customer demand is reaching a tipping point,” cited Healy.
Ignoring this growth, the XRP value is at present within the pink zone. Although the XRP value hit a every day excessive of $2.186 earlier right this moment, it quickly plummeted, now reaching $2.15.
Read More: Uphold’s recent collaboration with Oracle Protocol and Flare Networks to launch a brand new XRP-focused product that can allow XRP holders to earn yield on their tokens utilizing Flare’s FAssets system.
UK To Foster Crypto Growth
Notably, IG’s foray into crypto buying and selling displays the UK’s rising adoption of digital belongings, coinciding with regulatory efforts to determine business requirements. Recent developments embrace the FCA’s session on stablecoin and custody guidelines. It additionally consists of the federal government’s draft laws aimed toward defending traders from dangers and scams.
According to a recent report printed by Gemini, the UK is quickly rising because the world’s main digital asset holder. Data reveals that as of April 2025, 24% of adults surveyed within the UK maintain cryptocurrencies, considerably larger than 18% in 2024. The nation is projected to surpass the US in cryptocurrency adoption by year-end, doubtlessly turning into one of many prime nations in digital asset possession.
At the Bitcoin Conference, Reform chief Nigel Farage pledged to introduce a Crypto Assets and Digital Finance Bill if he turns into Prime Minister. He envisions a extra crypto-friendly nation. Fagel additionally intends to determine a strategic Bitcoin reserve, although the UK Treasury has confirmed no crypto reserves within the nation. He famous,
We are going to launch in Britain a crypto revolution. We’re going to make London one of many main buying and selling facilities of the world. We’re lethal severe.
In response to Fagel’s essential assertion, MicroStrategy’s Michael Saylor expressed optimism in regards to the Bank of England’s potential crypto strategy, as reported by CoinGape.
Nynu V Jamal
Nynu V Jamal is a passionate crypto journalist with three years of expertise in blockchain, web3, and fintech spheres. She has established herself as a educated and fascinating voice within the cryptocurrency and blockchain area. Her expertise as an Assistant Professor in English Language and Literature has additional added to her quest for crafting informative, well-researched, and accessible content material.
Disclaimer: The offered content material might embrace the private opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any duty to your private monetary loss.
