IG Drops Commission on Bitcoin, Ethereum and Solana to Undercut UK Crypto Rivals

IG cut trading commissions to zero for Bitcoin, Ethereum and Solana for UK clients, leaving users to pay only a 0.07% external exchange fee from its liquidity partner; all other tokens on IG stay at a 1.49% flat fee. The move, effective 1 June 2026, is designed to undercut rivals (Revolut, eToro, Bitstamp, Binance) and accelerate retail crypto adoption on IG’s platform, though the broker’s spot crypto arm remains small (reported £0.3m spot revenue June–Aug 2025) and only ~500 active UK/Ireland crypto traders were recorded in that period. The article notes regulatory limitations: IG’s crypto service sits outside the UK’s main consumer protection schemes (no FSCS or Financial Ombudsman coverage). Market impact is mixed — fee cuts could attract more retail flow into BTC/ETH/SOL and intensify a price/fee war among UK platforms, but limited current volume and regulatory caveats may curb immediate liquidity or meaningful market shifts.