Hi, I just read about the discontinuation of crypto CFD’s on here due to regulation changes, does anyone know if this is an across the border enforcement with all trading app or just something that 212 are doing? The price of Bitcoin has rallied by almost 500% since the start of its latest bull run at the end of 2020, hitting record highs of almost $65,000 this month before a pullback to … To be clear, I’m not talking about the usual reasons for a reduction. I can’t see how the reduction can be particularly “gradual” over a period of just 9 days. What’s the point of notifying your users of a deadline if nobody can take any action in advance of that date? When are you hoping to offer direct purchase of BTC? Atm it’s just UK so holding BTCE should be absolutely fine as there will still be a market and buyers from other countries. Does Trading 212 offer trading on cryptocurrency? Can somebody from @Team212 give a rough idea of when that will be available on the platform? Consequences of India’s Crypto Ban This video goes through some of my biggest gains over 2020, it looks at individual stocks, mutual funds and cryptocurrencies. Powered by Discourse, best viewed with JavaScript enabled, “the maximum remaining quantity for long positions with this instrument is 0”. Trading 212 Ltd. is authorised and regulated by the Financial Supervision Commission (Register number RG-03-0237). I’m specifically referring to why you are reducing it in response to the FCA ban. Obviously if they killed off in all other countries then it destroys the liquidity if no-one can buy but professionals. They have recently started offering staking for Cardano and TRON (TRX). The crypto ban was announced in a now-deleted circular dated February 5, 2021. I already have an eToro account, which I opened specifically for Cardano (ADA). Am I right in saying that the maximum traded quantity is currently set to 0 and therefore no retail investors can buy any bitcoin? It’s another day closer to the 01/12/2020 deadline and it’s still not possible for anyone to buy BTC, ETH, etc. May 7, 2021 (May 7, 2021) Anubha Singh. So to be clear It has no impact on the actual coins, you can still buy Bitcoin and all your other favs, just not the products that reference the underlying asset. Many Nigerians If this is true, it’s at the very least very bad timing with only 5 full days remaining before the 01/12/2020 deadline. @Team212, can we urgently have more clarity on what’s happening with bitcoin (BTC) on the CFD platform between now and 06/01/2021 please? I need absolute clarity so I can plan how to take advantage of the probable cryptocurrency bull market. I just tried a leveraged purchase of the minimum of $25 of BTC and it worked fine; who knows how long it’ll last. However, has that been 100% confirmed by @Team212 yet? P2P trading became the order of the day and Paxful, a global peer-to-peer cryptocurrency trading platform, became one of the most used platforms in the country. 4 months ago. Shetty says his crypto exchange platform is on track to generate $1 billion worth of trading every day by the end of this year provided the proposed ban on cryptocurrencies in India does not become a reality. The information on this site is not directed at residents of the United States and Canada, and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. Yeah that’d be interesting if you can buy coins via T212 in future, I wonder how the rates will compare. When will it be possible to buy more BTC and how high can we expect the maximum traded quantity to be before it reaches its final lowest level on 01/12/2020? I’ve actually checked directly with the fund managers (ETC Group) and the distributors (HanETF) and unfortunately both have said this ETP will be impacted by the ban. PayPal Bans User for Trading Cryptocurrencies. In fact, after the RBI’s ban on crypto trading, many crypto startup companies operate in a grey area. Dominating the crypto news this week was Paypal permanently banning an account for frequent crypto trading and imposing a 180-day hold on funds. I’m interested to hear if there are cheaper ways to buy crypto. The FCA has also flagged a bogus firm called TRADING212, which was found to be a complete clone of Trading 212, a fintech company and FCA-regulated broker. With the addition of Hawaii, ErisX, which pioneered crypto futures trading in the U.S., is now operational in 49 out of 53 possible U.S. states and territories, according to the exchange. I’d rather play with the coins directly. It is said to have asked banks to make a decision based on the advice of their legal and compliance departments. Edit Moroccans have continued to buy and trade in these digital assets through peer-to-peer channels. The information on this site is not directed at residents of the United States and Canada, and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. LocalBitcoins experiences rise in new users and P2P transactions. The online payments giant banned the user citing potential risks associated with crypto day trading. And will this be something other countries will follow too? The enthusiasm with which the country’s youth have taken to crypto means that Nigeria is often called Africa’s Bitcoin Nation; its trading volumes made records prior to the controversial ban. @Team212 - Please update us with your plans as lots of people will be looking to continue trading crypto somewhere while we can. Trading 212 è un nome commerciale di Trading 212 UK Ltd. е Trading 212 Ltd. Trading 212 UK Ltd. è registrato in Inghilterra e Galles (Numero di registrazione 8590005), con un indirizzo registrato Londra EC2V 6DN. Have you ended it early because you believe it’s only going one way and will lose on our gains? A senior official from the Central Bank of Nigeria (CBN) rejected claims that the bank has ever banned crypto, reported local media outlet Today NG . So if you are a retail investor, from the UK, and use CFD Crypto or ETPs like BTCE, then yep you’ll only be able to hold and sell. In response to the FCA's policy statement on cryptocurrencies: ", IB Terms Change - more information to follow, ISA placing orders - Technical Difficulty - Resolved, Be wary of requests for personal information, FX fee for position(s) opened before 03.04.2021, Upcoming Easter Holidays 2021 - Trading Hours - 31st of March, TrueLayer - Unplanned Downtime - 26th of March. On 6th January 2021, it became illegal for a broker conducting business in the U.K. to offer trading in cryptocurrency derivatives, including Bitcoin CFDs. Upcoming suspension of cryptocurrencies. Help I’ve read other topics on the subject of BTCE and the consensus seems to be that it will not be allowed, despite the fact that it is underpinned with real BTC. In February 2021, the apex bank issued a circular to commercial banks, directing them to close all bank accounts linked with crypto trading. Recently, Trading 212 introduced the option to trade cryptocurrencies through a contract for difference (CFD). As in the past cryptocurrencies can be quite volatile with large up and down movements affecting value, was this due to auto sell off features that we’ve come to see with CDF trading? Indeed, I was able to buy more bitcoin (BTC) last Thursday (19/11/2020) but I couldn’t buy any more over the weekend because the maximum traded quantity was reduced to 1 and right now it appears to have been further reduced to 0.5. I’ve read the notification but it raises as many questions as it answers. The statement also says “We’re currently working on introducing real crypto trading that’ll replace CFDs on cryptocurrencies as they’ll not be affected by the FCA’s ban”.
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