I’m specifically referring to why you are reducing it in response to the FCA ban. Anyway pretty cool. Trading 212 UK Ltd. è autorizzato e regolamentato dall'Autorità di Vigilanza del Regno Unito (Financial Conduct Authority - FCA) (Numero di registrazione 609146). This is quite disappointing, however we can still buy into the ETP until 6 Jan 2021 and after that can still continue to hold and sell when we like, but we just can’t buy more. The statement also says “We’re currently working on introducing real crypto trading that’ll replace CFDs on cryptocurrencies as they’ll not be affected by the FCA’s ban”. PayPal Bans User for Trading Cryptocurrencies. Can somebody from @Team212 give a rough idea of when that will be available on the platform? Edit If this is true, it’s at the very least very bad timing with only 5 full days remaining before the 01/12/2020 deadline. When I asked about this on another thread, I got this response: @Supraman Yes, we’ve reduced it to control exposure. When will it be possible to buy more BTC and how high can we expect the maximum traded quantity to be before it reaches its final lowest level on 01/12/2020? The FCA changes come into effect on 06/01/2021. Will the Bitcoin ETP be impacted by the FCA's ban on crypto-derivatives in the UK? I also use Coinbase Pro to buy actual BTC and ETH, but I can’t benefit from leverage there. You’re (seemingly arbitrarily) reducing the maximum traded quantity “gradually” until the 01/12/2020, yet for several days it’s not been possible to add to positions in excess of 1 BTC. However, they support both underlying asset and CFD cryptocurrency trades in the same interface, which I quite like. Thank you for all this information, I know that government regulators are tightening up on crypto activities, looks like this could be some of the first steps, they must be missing out on some of our profits lol, just wasn’t sure how we were going to be affected but I think you explained a lot here, thank you. Will the Bitcoin ETP be impacted by the FCA's ban on crypto-derivatives in the UK. Trading 212 allows users to trade CFDs on all popular markets like stocks, commodities, cryptocurrencies, forex and indices. @Team212, can we urgently have more clarity on what’s happening with bitcoin (BTC) on the CFD platform between now and 06/01/2021 please? If you are a pro investor you should in theory still be able to use CFD crypto section. The Central Bank of Nigeria, today, announced a sweeping ban on cryptocurrency purchase and trading in the country. Many Nigerians In response to the FCA's policy statement on cryptocurrencies: ", IB Terms Change - more information to follow, ISA placing orders - Technical Difficulty - Resolved, Be wary of requests for personal information, FX fee for position(s) opened before 03.04.2021, Upcoming Easter Holidays 2021 - Trading Hours - 31st of March, TrueLayer - Unplanned Downtime - 26th of March. With the addition of Hawaii, ErisX, which pioneered crypto futures trading in the U.S., is now operational in 49 out of 53 possible U.S. states and territories, according to the exchange. On 6th January 2021, it became illegal for a broker conducting business in the U.K. to offer trading in cryptocurrency derivatives, including Bitcoin CFDs. We have evidence of this happening on a significant scale. Am I right in saying that the maximum traded quantity is currently set to 0 and therefore no retail investors can buy any bitcoin? I’d rather play with the coins directly. If WazirX does achieve this milestone, it will be India’s first crypto … According to a report by The Guardian, the SEC director-general made this assertion known during a press conference organized after the meeting of the Capital Market Committee on Thursday. As I asked in a previous post, why are you reducing the maximum traded quantity at all? They have recently started offering staking for Cardano and TRON (TRX). Why are you setting positions to “close-only mode” on this date, over a month before the FCA ban comes into force? At the time of writing, it has listed all the popular cryptocurrencies including Bitcoin, Ethereum, Ripple, Litecoin and Monero. I’ve actually checked directly with the fund managers (ETC Group) and the distributors (HanETF) and unfortunately both have said this ETP will be impacted by the ban. Moroccans have continued to buy and trade in these digital assets through peer-to-peer channels. I believe the servers are currently undergoing maintenance and improvements and so some parts of CFD are temporarily unavailable. I already have an eToro account, which I opened specifically for Cardano (ADA). Of course, we soon won’t be able to benefit from leverage anywhere! Trading 212 Ltd. is authorised and regulated by the Financial Supervision Commission (Register number RG-03-0237). Thanks both for your responses. Crypto adoption rises in Morocco. Being a crypto holder on other apps, I’m please that 212 will be adding standard crypto investment options to there app hopefully they go with a different range of crypto investment than other apps have to help spread the availability of coins for investors. I noticed yesterday that Skrill supports cryptocurrency, although I haven’t investigated further. A senior official from the Central Bank of Nigeria (CBN) rejected claims that the bank has ever banned crypto, reported local media outlet Today NG . Could still be worth buying in now if just planning to hold a few units long term, especially as capital gains tax may be…. @David, can you please confirm that @Team212 have seen the questions in this topic and will eventually respond? Does Trading 212 offer trading on cryptocurrency? A Nigerian Central Bank official reiterated that there’s no ban on individuals trading in crypto. Indeed, I was able to buy more bitcoin (BTC) last Thursday (19/11/2020) but I couldn’t buy any more over the weekend because the maximum traded quantity was reduced to 1 and right now it appears to have been further reduced to 0.5. As there is still plenty of time left to trade before the ban, which platforms are people moving to for crypto trading? A CFD allows traders to speculate on an asset’s price movements without actually purchasing any of that asset. It is said to have asked banks to make a decision based on the advice of their legal and compliance departments. Read more on the Trading 212 outage here. I believe that the notification was only sent to CFD accounts, not INVEST or ISA accounts, so does that mean there’s still some hope for BTCE? No. When the ban went into effect, cryptocurrency traders in Nigeria had to devise a means to continue their transactions without the interference of banks via crypto exchanges. LocalBitcoins experiences rise in new users and P2P transactions. Alien November 25, 2020, 12:56pm #5 Upcoming Changes to Crypto Trading Have you ended it early because you believe it’s only going one way and will lose on our gains? Help Moreover, crypto ban in India could bring a severe blow to the country’s growing crypto firm. By Adedapo Adesanya The Central Bank of Nigeria (CBN) may eventually lift the ban it placed on the trading of cryptocurrencies in the country earlier this year. Why do Trading 212 need to reduce the maximum traded quantity as a result of the FCA ban at all?
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