IG Launches Record Crypto Transfer Incentive Offering Up to £1,500 Cashback

Quick Summary

IG has launched a limited-time crypto transfer incentive offering 5% cashback up to £1,500 for customers who move at least £1,000 of eligible digital assets to the platform by July 31, 2026. This initiative aims to consolidate multi-asset portfolios onto IG's single, regulated FTSE 100 trading infrastructure.

How Can Investors Claim the IG Crypto Transfer Incentive?

To qualify for the crypto transfer incentive, investors must transfer a minimum of £1,000 in eligible crypto to the IG platform by the July 31 deadline. The promotion offers a 5% cashback reward, capped at a maximum of £1,500 per customer. This move follows IG's strategic shift toward commission-free crypto investing for major assets like Bitcoin and Ethereum. Key requirements include:

• Use of promotional code CRYPTO1500 during the account opening process.
• Maintaining at least one qualifying position throughout the holding period.
• Transferring assets from supported wallets like MetaMask, Ledger, or Coinbase.

The cashback is calculated based on the sterling value of the transferred assets at the time of the move, with final credits expected to be issued to accounts by February 2027.

Which Digital Assets and Wallets are Supported?

IG is positioning itself as a unified investment hub by supporting transfers from a wide array of both centralized exchanges and self-hosted storage solutions. This crypto transfer incentive applies to 20 specific digital assets, ensuring that high-volume traders can migrate their most significant holdings. Supported entities and assets include:

• Exchanges: Coinbase, Kraken, Uphold, Bitstamp, eToro, and CoinJar.
• Hardware/Software Wallets: MetaMask, Ledger, and Trezor.
• Eligible Tokens: Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, Dogecoin, Chainlink, and Avalanche.

By allowing seamless asset migration, IG aims to reduce the friction typically associated with managing fragmented digital portfolios across multiple disparate apps and security keys.

Why is IG Consolidating Crypto and Traditional Investments?

The strategy behind the crypto transfer incentive is to provide a single-platform experience for sophisticated investors who currently manage crypto separately from traditional equities. By integrating over 150 cryptocurrencies alongside 19,000 financial markets, IG leverages its status as a FTSE 100 company to offer a level of perceived security and regulatory oversight that smaller, crypto-native exchanges may lack. This consolidation allows for better risk management and a holistic view of total net worth.

Elise Ash, SVP of Marketing and Growth at IG, said: "We know many investors hold their crypto separately from the rest of their portfolio, often across multiple platforms and wallets. Our biggest ever crypto transfer incentive gives customers a compelling reason to bring those investments together, making it easier to manage their portfolio through a single, trusted FTSE 100 platform."

"We're committed to making investing more accessible and better value for our customers. This offer is another example of how we're continuing to strengthen our crypto proposition, giving investors more choice, lower costs and a seamless way to manage their investments from one place."

FF NEWS TAKE:

IG’s aggressive crypto transfer incentive is a clear shot across the bow of crypto-native exchanges like Coinbase and Kraken. By offering 5% cashback, IG is effectively paying for customer acquisition to bolster its digital asset AUM. For the industry, this signals that traditional brokerage giants are no longer content with just offering CFDs; they want to be the primary custodian for the modern, multi-asset investor.