We have implemented changes to our crypto services for clients residing in Hungary due to national regulatory requirements that apply specifically under the Hungarian Act VII of 2024 (Crypto Act) and SARA Decree 10/2025, which extend beyond the EU-wide MiCA framework.
What does “close-only mode” mean for my crypto account?
If you are a Hungarian resident, your crypto account is now in close-only mode, which means:
- You cannot buy new crypto assets
- You cannot deposit funds for crypto purchases
- You can sell your existing crypto assets
- You can withdraw the proceeds or transfer funds out
Can I still hold my crypto assets without selling them?
At this stage, crypto assets are restricted to selling and withdrawing only. We encourage you to review your positions and take appropriate action.
📄 Note
Further updates will be communicated if regulatory conditions change.
Can I open a new crypto account if I live in Hungary?
No. Crypto onboarding for Hungarian residents has been fully disabled. Clients resident in Hungary can continue to use other Trading 212 products (e.g. Invest, CFD, Card).
What happens to my funds?
Your funds remain fully under your control. You can continue to sell your crypto assets and withdraw the proceeds to your bank account.
Is this decision permanent?
Not necessarily. We are actively monitoring regulatory developments in Hungary. If regulatory conditions permit and a compliant framework is established, the availability of crypto services for Hungarian clients may be reassessed
Will Trading 212 force the liquidation of my crypto assets?
No. We are not forcibly liquidating client positions. The close-only approach was deliberately chosen to allow clients to decide how and when to exit their crypto holdings.
Can I still use other Trading 212 products?
Yes. This change affects crypto account and services only.