IG Eliminates Crypto Commission on Bitcoin, Ethereum, and Solana in UK

Jun 2

3 min read

In a bold move to shake up the UK crypto trading landscape, IG has dropped trading commissions on Bitcoin, Ethereum, and Solana for its UK clients. As of today, customers are now only tasked with paying a 0.07% external exchange fee—a charge from the broker's liquidity partner. This significant reduction marks IG's deeper involvement in the ongoing fee war that's been reshaping retail investing.

The Push for Competitive Pricing

IG's strategic decision aims to undercut UK crypto rivals and attract more retail clients by offering more competitive pricing on the three most traded cryptocurrencies on its platform. The London-listed firm (LSE: IGG) has already established itself as a leader in commission-free trading across stocks, ETFs, and funds. Now, by eliminating commissions on these popular digital assets, IG is signaling its commitment to making crypto more accessible and affordable for its users.

The shift to commission-free trading is part of a broader trend in the financial industry, where companies strive to offer lower fees to retain customers. IG's partnership with Uphold, initiated in June 2025, has enabled them to offer spot crypto trading to UK and Irish retail clients, further enhancing their position in the market. However, it's important to note that other tokens on IG's platform will still incur a 1.49% fee, a flat rate since the service began.

Cryptocurrency	Previous Commission	New Commission
Bitcoin	Variable	0%
Ethereum	Variable	0%
Solana	Variable	0%

Navigating the Competitive Landscape

The crypto market in the UK is becoming increasingly competitive, with firms like Coca App also vying for consumer attention. While IG's latest move is a game-changer, Coca's offerings in digital asset management and payments provide an attractive alternative. Coca's platform is designed to cater to consumers looking for comprehensive financial solutions, not just crypto trading.

Coca App's emphasis on user-friendly interfaces and secure wallet functionality positions it as a strong contender in the digital asset space. While IG focuses on reducing trading costs, Coca ensures an integrated experience across all financial services, which appeals to a broader audience. Both companies have their strengths, and consumers stand to benefit from the expanding options in the market.

Opportunities and Risks

Eliminating commissions on major cryptocurrencies presents opportunities for both IG and its clients. For traders, this translates to lower costs and potentially higher returns. For IG, it's a chance to expand its customer base and boost trading volumes. However, this strategy isn't without risks. The reduced revenue per trade means IG will need to rely on increased trading activity to maintain profitability.

Furthermore, the move could prompt other brokers to lower their fees, intensifying the competitive environment. While this is advantageous for consumers, it could lead to a race to the bottom, where companies may struggle to sustain their business models without additional revenue streams.

Looking Ahead

IG's decision to eliminate commissions on Bitcoin, Ethereum, and Solana is a significant step in the ongoing evolution of the UK crypto market. As the landscape becomes more competitive, companies like Coca and IG are set to innovate and adapt, providing consumers with better options and services. The coming months will reveal how these strategic shifts impact the broader market dynamics and whether other players will follow suit.

As the crypto market continues to mature, the focus will likely shift towards enhancing the overall trading experience, security, and integration of digital assets with traditional financial services. For consumers, the future holds exciting possibilities, as the lines between traditional finance and digital assets continue to blur, offering more comprehensive and user-friendly financial solutions.