Key takeaways
- Crypto CFDs are usually treated as derivatives under a dealer licence.
- Spot crypto trading and custody typically need a separate virtual-asset licence.
- Some regulators restrict crypto derivatives for retail clients.
- Check product permissions before you list new asset classes.
Crypto CFDs
Because a CFD is a derivative, many regulators allow crypto CFDs within an existing securities or investment dealer licence, sometimes with extra conditions on leverage and disclosures.
Spot crypto
Buying, selling or holding crypto for clients is usually a separate regulated activity, for example a virtual-asset service provider registration. Plan it as a second permission or a separate entity.