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Purchasing bitcoin

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Hi - tried purchasing bitcoin on ig. But am getting the message that not available for this trade. Anybody else facing the same issue? Tried mini bitcoin as well.. Same message

 

 

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IG won't let you trade when they cant hedge their positions. If Bitcoin suddenly crashes and the thousands of IG traders who are long close their trade out, IG will be faced with having to sell millions of ££££ of bitcoin in a plumeting market. A huge potential multimillion pound black hole. 

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Why long / short of bitcoin is not available on Saturday? It was grey out. Cypto market still open

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    • Dax and Dow M15;
    • not just the FCA, the US CFTC looks to be heading the same way. https://www.financemagnates.com/cryptocurrency/news/coinbase-pro-ends-margin-trading-services/?utm_content=buffer4aede&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
    • Thanks @CharlotteIG ! That's reassuring. I'm sure IG have already seen this, but someone on twitter linked to this Policy Statement from the FCA, saying that it will come into effect on 6th January: https://www.fca.org.uk/publication/policy/ps20-10.pdf "Prohibiting the sale to retail clients of investment products that reference cryptoassets"  Incidentally the trader  on twitter who linked to that, was commenting on the recent drop in bitcoin  and said "Crypto exchanges started announcing liquidation of UK customer accounts ..not surprising BTC sold off." Best wishes, Cate
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