Laura WilesThe FCA has announced that firms will – as of 8 October 2025 – be able to give retail customers access to crypto exchange traded notes (cETNS).
cETNS for retail customers must be traded on an FCA-approved, UK-based recognised investment exchange (RIE). Financial promotions rules will apply, as will Consumer Duty requirements. However, retail investors using these products will not benefit from FSCS coverage.
The FCA’s ban on retail access to crypto derivatives remains in place.