Quote from: Darker45 on November 23, 2024, 03:46:21 AM

Quote from: Potato Chips on November 22, 2024, 10:07:27 PM

I wanna double check something. OP, are you from UK or just somewhere else in the EU? because AFAIK, there is still a difference in products made available -- as far as exchanges who complies with regulatory bodies are concerned.

Last I checked, FCA was trying to block leverage trading for retail folks in the UK as much as possible. Kraken likely had to comply to their policies as well.

In 2020, FCA bans the sale of crypto-derivatives to retail consumers. They're limited to spot trading. No leverage is available. Only professional investors and traders are allowed to trade options, futures, and others. Professional here doesn't refer to individuals. They refer to firms and institutions.

In 2024, this year, FCA has made updates, but only as regards crypto-backed Exchange Traded Notes. The rest of the rules stay including the ban of derivatives among retail consumers.

However, if OP is from UK, there are available options but only from exchanges that aren't regulated by the FCA. That poses a different kind of risk, though.

P.S. Links are from FCA's official site.

Yes I am from the UK..

The irony is the UK gov make it hard for you to trade / invest in crypto, but hen expect you to pay tax on any crypto you have.... screw those con-artist! Their time is up!