Hargreaves Lansdown opens crypto ETNs to UK retail investors after FCA ban lift
The U.K.'s largest retail investment platform has reversed course and opened access to crypto exchange-traded products following the Financial Conduct Authority's October regulatory change.
Hargreaves Lansdown, identified as the U.K.'s largest retail investment platform, has announced it will now offer access to cryptocurrency exchange-traded products (ETPs). This decision marks a reversal of previous plans following the Financial Conduct Authority's decision in October to lift its ban on crypto ETPs for retail investors. The firm stated that while it previously viewed these products as unsuitable for clients due to volatility concerns, regulatory approval has altered that perspective. Hargreaves Lansdown confirmed that offering these specific instruments aligns with its commitment to providing a comprehensive range of investment options. The move signifies the first major U.K. platform opening up exposure to crypto ETNs within the retail sector after long-standing restrictions.
