Trading 212 allowed UK retail customers to trade crypto ETNs without proper authorization from the FCA. The ban on crypto ETNs in the UK was lifted in October 2025. Trading 212 applied for the necessary permission after offering the products without authorization, according to the Financial Times.

The FCA sets conditions for retail access to crypto ETNs, requiring prospectuses to be reviewed and approved before launch. Crypto ETNs are considered complex products and must adhere to strict consumer protection rules, including risk warnings and suitability checks. Other platforms like Interactive Investor and Fidelity have had the necessary approvals since the ban was lifted.

A report by trading platform IG suggests the UK crypto market could grow by 20% with the launch of crypto ETNs. The report found that 30% of UK adults would consider investing in crypto via ETNs due to perceived safety and regulatory oversight. This represents a significant potential increase from current levels of crypto ownership.

Cointelegraph reached out to the FCA and Trading 212 for comment but had not received a response. The news article follows Cointelegraph’s Editorial Policy for accurate and timely information. Readers are encouraged to verify information independently.

Read more at Cointelegraph: Trading 212 sold crypto ETNs without FCA authorization: Report