IG Adds 50+ Crypto Tokens, Pressuring UK Rivals

IG has expanded its UK cryptocurrency offering by more than 50 digital assets, bringing the total available on its platform to over 100 tokens. The May 13 announcement follows the firm obtaining FCA cryptoasset registration in October 2025 and introduces swap functionality, upgraded charting, and planned wallet transfer support.

The move goes beyond simply adding tickets. It positions IG as a more direct competitor to dedicated crypto brokers in the UK, while also testing whether regulated multi-asset providers can capture a meaningful share of the retail crypto market.

IG's 100-Token Expansion: More Than a Count

Simple Read: More Assets, More Options

UK clients can now trade over 100 cryptocurrencies through IG's FCA-registered product. Previously the platform offered roughly 50 tokens. The new list likely includes major names like Bitcoin (BTC) and Ethereum (ETH), plus a wider selection of altcoins. Swap functionality lets users exchange one crypto directly for another without converting to fiat first. Enhanced charting – including line and candlestick charts, technical indicators, and annotations – gives traders tools that were previously less developed on IG's crypto side. The firm also said it will add wallet transfer support in the coming weeks.

Better Market Read: Competitive Pressure on UK Crypto Brokers

The real shift is structural. IG is leveraging its FCA registration – a hard-won regulatory badge – to pull traders away from platforms that may not have equivalent status. Adding wallet transfers means a customer can move external crypto holdings into the same account used for CFDs, spread bets, and other products. That reduces the friction of managing separate accounts across different brokers. For incumbent UK crypto specialists like eToro and Revolut, this raises the bar on convenience and compliance.

The expansion also signals that IG sees crypto as a long-term revenue line, not a fad. The product director, Mat Perkins, described it as part of building “a more complete and trusted crypto investing experience.” The firm is effectively turning its regulated multi-asset ecosystem into a one-stop shop, which could increase average customer wallet share.

Exposure: Who Benefits and Who Faces Risk

Traders: Broader Access, Same Counterparty Risk

For retail traders, more choice and better tools are a clear plus. Swap functionality removes a step when rotating between assets. Wallet transfers, once live, will allow consolidation of crypto holdings onto a single platform that also offers margin trading on FX and indices. The trade-off is counterparty concentration: all those assets sit with one provider. If IG's crypto infrastructure suffers a security incident or liquidity crunch, the exposure is larger now than when it offered 50 tokens. Traders should weigh the convenience against the need for diversification across custody providers.

Rivals: eToro, Revolut, and the Regulated Race

eToro and Revolut are the most directly affected. Both offer UK crypto trading but have faced regulatory scrutiny and product limitations. IG's FCA registration, combined with its existing multi-asset client base, gives it a distribution advantage. Smaller UK crypto brokers, many of which are still waiting for FCA approval, will need to differentiate on fees, asset selection, or specialised features to retain users.