Latest news with #Uphold
Finextra
4 days ago
- Business
- Finextra
IG debuts crypto investing for UK retail clients
Global investment and trading platform IG has become the first UK-listed company to roll out crypto trading to retail users in the UK. 0 IG customers can now access a wide range of crypto assets, from the most traded coins such as bitcoin and Ethereum to a range of smaller assets. IG will charge a 1.49% fee on each transaction. The offer - launched in partnership with crypto asset firm Uphold - is fully integrated across the IG platform and the IG Invest app, launched earlier this year. Uphold will execute all customer transactions and provide pricing data. Michael Healy, UK managing director of IG, says: '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." IG's move reflects growing confidence in the sector as the UK inroduces legislation aimed at making the country a leading crypto hub. Reflecting on the IG announcement, Zumo's founder and CEO Nick Jones, comments: 'We're seeing a significant uptick in interest from TradFi giants keen to launch a retail crypto offering, with appetites increasing in the wake of HM Treasury and the Financial Conduct Authority (FCA) making the UK's direction of regulatory travel clearer.'
Yahoo
6 days ago
- Business
- Yahoo
UK-Listed Investments Platform IG Offers Spot Crypto Trading to Retail Customers
Investment platform IG (IGG) said it has begun offering crypto trading to retail investors, becoming the first publicly-listed firm in the U.K. to do so. This marks IG's first offering of crypto exposure through spot trading of bitcoin BTC, ether ETH and a range of smaller tokens. The company's crypto service has previously been confined to derivatives products in the form contracts for difference (CFD). IG has teamed up with U.S.-based crypto-focused fintech firm Uphold to build crypto trading into its existing platforms that customers currently use for dealing shares, FX, commodities and derivatives. This may demonstrate the increasing integration between traditional finance (TradFi) and digital assets that investors and traders now expect to see. The London-based firm's move also coincides with the ongoing development of the U.K.'s plans to establish a regulatory regime for the crypto industry. The government published two consultation papers in April on draft legislation for activities such as crypto trading and stablecoin issuance. IG shares are around 0.25% higher on the day at the time of writing, compared to the FTSE 100 index which is unchanged.
Yahoo
01-05-2025
- Yahoo
Florida man takes more than $800K from 92-year-old man in romance scheme: deputies
SUN CITY CENTER, Fla. (WFLA)— A man was arrested after taking more than $800,000 from a 92-year-old man in a bank and a romance scheme, the Hillsborough County Sheriff's Office announced. In June 2022, the victim from Sun City Center transferred thousands from his Fidelity account to his Wells Fargo account, where the money was depleted to multiple people. The money was depleted through Uphold, a cryptocurrency platform, peer-to-peer transactions, ATM withdrawals, point-of-sale transactions, and various other ways, deputies said. On March 10, 2025, Otiz Swinton Jr., 37, was seen on camera at a Publix in Orlando using the victim's Wells Fargo card to make a purchase. Man win $1 million after buying $50 scratch-off at South Tampa Publix Florida man takes more than $800K from 92-year-old man in romance scheme: deputies LOOK: Busch Gardens welcoming 4 animal species to park's newest addition Deputies said from March 13 to April 2, five counterfeit checks were made payable to Swinton Jr. from the Wells Fargo account. The total amount of the five checks was $14,300.00. Other charges were made using the card during that time and totaled more than $5,000.00. Swinton Jr. was previously in Florida State Prison for fraud, HCSO said. During an investigation, detectives determined that Swinton Jr. had someone withdraw money from the victim's account while he was in prison. 'These predatory schemes rob our residents of the security and financial stability they've spent their lives building,' said Sheriff Chad Chronister. 'Those who deliberately prey on the elderly are the worst kinds of criminals as they exploit vulnerability, trust, and often isolation for personal gain. We will continue to pursue anyone who targets our seniors with every resource at our disposal.' Swinton Jr. was arrested on April 30 in Orlando and has been charged with fraudulent use of personal information of an elderly person, fraudulent use of personal information over $5,000 or 10 but less than 20 victims, and fraudulent use of a credit card over $100.00, and five counts of uttering a forged instrument. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
