Approval of Bitcoin and Ethereum ETPs in London Bolsters Prospects for BTC and ETH Market Surge

After years of careful regulation of cryptocurrencies, the FCA has finally given its approval. In an effort to mitigate the risks associated with volatile markets, the regulator had previously banned crypto derivatives and ETPs for retail investors in January 2020. However, the situation has since evolved as crypto ETPs have gained popularity in Europe and the United States. Recognizing this global trend, the FCA announced in March that it would permit firms to list crypto ETPs for professional investors.