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Hargreaves Lansdown Opens Retail Access to Crypto ETNs After FCA Rule Change

Hargreaves Lansdown has opened retail access to crypto ETNs after the FCA lifted its ban on retail crypto exchange-traded products in October, reversing the platform’s previous stance on the products.

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Hargreaves Lansdown Opens Retail Access to Crypto ETNs After FCA Rule Change
Hargreaves Lansdown, the U.K.’s largest retail investment platform, has changed its position on crypto exchange-traded notes, according to CoinDesk. The move follows the Financial Conduct Authority’s decision to lift its ban on retail access to crypto exchange-traded products in October. The platform had previously warned against offering such products to retail investors, but has now opened access following the regulatory change. The development marks a shift in how one of the U.K.’s biggest retail investment providers approaches crypto-linked market products. The change is relevant for investors monitoring the availability of crypto exposure through established investment platforms, although the source does not provide details on the specific ETNs made available or any related trading conditions.
Source CoinDesk This is an original Moneyiar brief based on the cited source.
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