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FCA proposal – further information and request for your feedback
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Guest DanC,
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By iamcryptic · Posted
Hi guys, happy weekend! Cats TGE is getting closer, and a lot of exchanges have rolled out opportunities for users to make the most of it, especially for those who didn’t farm. I’ll be focusing on Bitget Launch Pool since I just locked some BGB. Here’s the deal: for those who didn’t meet the requirements for the official airdrop, you can still participate in the ongoing launch pool. You can stake BGB or USDT and earn some CATS. The last time I checked, the APR was in triple digits, and the pool ends in about 6 days. Personally, I think this is a great opportunity to get involved in the Cats ecosystem. What do you think? -
By cryptomaga · Posted
This gives more opportunity to users to earn more from this launchpool. -
Hey I wanted to share my excitement about the upcoming $CATS airdrop and the Bitget Launchpool event. If you're into crypto like me, you won't want to miss this! $CATS Airdrop Claiming First off, the $CATS airdrop is happening soon, and it's super easy to claim. Exchange like Bitget have partnered with Cats to offer a gas-free airdrop on Telegram. This means you can claim your tokens without worrying about those pesky gas fees! The tokens will be automatically credited to your account before the spot trading begins on October 8th, 2024, at 10:00 UTC. But that's not all! The ongoing Launchpool This is a fantastic opportunity to farm some extra tokens. The total distribution for this event is a whopping 19.5 billion $CATS tokens. If you've participated in Launchpool events before, you know how user-friendly and rewarding they can be. Why I'm Excited As someone who has been using the exchange for a while, I appreciate their transparency and the ease of use of their platform. The fact that they are making the airdrop gas-free is a huge plus. Plus, the Launchpool events are always a great way to earn some extra tokens with minimal effort. If you're as excited as I am, make sure to mark your calendars for these dates. Happy farming and trading, everyone!
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Question
Guest DanC
As you may be aware, there has been a recent proposal from the Financial Conduct Authority (FCA), which would, among other things, reduce the leverage permitted for CFDs and spread betting. If the proposal goes through, you’ll need to put more money on your account to trade with us, in some cases up to ten times more margin.
Click here to share your views on the FCA's proposal now.
The FCA is seeking to raise conduct standards across the industry, to ensure fair outcomes for all UK clients – something which IG fully supports. However, we think there may be tools that could better help the FCA do so, such as limited-risk trading to prevent clients from losing more than their initial deposit. German and French regulators have suggested this measure too, and we believe it might be more effective than raising margins for all.
As well as increasing margins (ie reducing leverage), the FCA has proposed:
You can read the FCA’s full proposal and suggested leverage limits here.
This gives you an idea of what IG think, but what’s really important is what you think. It’s essential that the FCA receives opinions from everyone involved in the industry – especially traders.
The FCA has put together a simple form to enable you to share your views easily. Click here to share your views now.
If you prefer, you can also contact the FCA by email at cp16-40@fca.org.uk, or by letter to:
CP16-40 - Wholesale Conduct Policy Team
Strategy and Competition Division
Financial Conduct Authority
25 The North Colonnade
Canary Wharf
London E14 5HS
We’d also appreciate any comments or thoughts you may have below.
Thanks,
Dan
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