Estimated reading time: 2 min
Due to the potential for losses, the Financial Conduct Authority (FCA) considers this investment to be high risk.
1. You could lose all the money you invest
2. You should not expect to be protected if something goes wrong
3. You may not be able to sell your investment when you want to
4. Cryptoasset investments can be complex
5. Don't put all your eggs in one basket
If you are interested in learning more about how to protect yourself, visit the FCA's website here.
For further information about cryptoassets, visit the FCA's website here.
Finder’s Innovation Awards recognise financial providers that are innovating in their area by bringing new and impactful features to the market and delivering beneficial services to their customers.
Now in their second year, this round of awards recognises innovation in the cryptocurrency market over the past year. A shortlist of providers was drawn together by Finder’s subject area specialists and the finalists were then assessed by an expert panel of judges. We can now announce the winners!
Kraken were unanimously chosen by our expert judging panel as the winner of this year’s crypto innovation awards. The judges were impressed with the innovation involved in the new open-source multi-chain wallet and praised the move for its transparency, security and decentralisation.
CoinJar took the much-deserved highly commended spot for reducing the recurring buy fee on debit cards to make it cheaper for dollar-cost averaging and introducing a way to rebalance existing bundles (groups of investments). The judges praised the value and ease the innovation offered to regular crypto investors and the fact it promotes responsible investing.
The shortlist of finalists in each category was selected by Finder’s subject area specialists, who identified the providers they felt were displaying key innovations in their field.
The shortlist was then passed to an expert judging panel (details below), who decided the winning and highly commended companies by assessing the finalists across 3 different criteria: uniqueness of innovation, impact in the market and value to customers.
CoinJar
eToro
Kraken
Uphold
Erica Stanford is a fintech and AI specialist. She’s also author of Crypto Wars: Faked Deaths, Missing Billions and Industry Disruption which was awarded ‘Highly Commended’ in the Business Book Awards. She speaks and writes globally about digital assets, scams, and the integration of AI, as well as being an associate guest lecturer on digital assets at Warwick Business School and founder of the UK’s leading community the Crypto Curry Club.
Charles Kerrigan is a Partner at law firm CMS and specialist in emerging technologies including crypto, digital assets, Web3 and AI. The Blockchain Industry in the UK Landscape Overview names Charles as a “leading influencer in blockchain”. He sits on the advisory boards of AI and crypto firms and trade bodies. He’s the editor and co-author of Artificial Intelligence Law and Regulation, as well as contributing editor of AI, Machine Learning & Big Data.
George Sweeney is a deputy editor at Finder, specialising in crypto and investing. He has previously written for publications such as The Motley Fool UK, Freetrade, Investing in the Web, MoneyMagpie, Online Mortgage Advisor, Wealth, and Compare Forex Brokers. He focuses on making personal finance and investing engaging for everyone. To do this he draws from previous work and his Level 4 Diploma for Financial Advisers (DipFA), sharing what he’s learnt.
*Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.
Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.
Read our expert analysis on Binance Coin and how the token will perform in the future.
A Bitcoin halving is when the rewards for mining Bitcoin are cut in half. Find out more about this event including when and how often it happens, and what it means for Bitcoin’s value.
A panel of industry specialists give us their predictions on the price of Bitcoin to 2030.
A panel of industry specialists give us their predictions on the price of Ethereum to 2030.
Find out how many people in the UK own cryptocurrency, how this varies across age groups and other crypto statistics.
Every three months, Finder consults a panel of industry specialists to get an expert view on what the future could hold for crypto. This is a summary of those findings.
Can cryptocurrency be used to build a peer-to-peer bank for everyone? BABB is certainly trying, so we took a look at how it’s supposed to work.
A panel of industry specialists give us their predictions on the price of ADA to 2030.
A panel of industry specialists give us their predictions on the price of Litecoin to 2030.