Analysis: Two Major Bitcoin CFD Providers Raise Red Flags on SNB-Type Event
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Analysis: Two Major Bitcoin CFD Providers Raise Red Flags on SNB-Type Event
The relentless Bitcoin buying frenzy we are witnessing is starting to get some brokers providing crypto CFDs to retail traders worried. IG Group has shared with the FT for a recent piece that it is limiting its exposure to cryptocurrencies.
The firm has been on the market since 2013 when it started offering Bitcoin CFDs. Until recently it didn’t face any barriers in providing its clients with exposure to the asset, but the firm is getting uncomfortable with the levels of risks.
The CEO of IG Group, Peter Hetherington elaborated on cybersecurity risks to the FT, “We ... (read more)
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