A safer route into the cryptocurrency maze – The Armchair Trader
Britons are warming to cryptocurrency. But for many, the obstacle has been access, not appetite. That may soon change. From October 8th, the Financial Conduct Authority (FCA) will allow retail investors to buy UK-listed crypto exchange-traded products (ETPs), reversing a three-year ban.
The timing looks propitious. A new survey commissioned by WisdomTree, a global issuer of crypto ETPs, shows that two in five UK investors would be more likely to put money into digital assets if they could do so via their bank, broker or adviser. For years, investors have been told to treat crypto with suspicion. Now regulation is moving in step with demand, providing a pathway into the market that looks both safer and more familiar.
Rules matter. One in…
