Swissquote Bank Europe now allows trading of Cardano, Uniswap, Filecoin, Aave, and several other cryptocurrencies
As announced on April 27, Luxembourg-based European bank Swissquote has added support for Cardano, Uniswap, Filecoin, Aave, and several other cryptocurrencies.
Wir erhöhen unsere Anzahl #Krypto von 12 auf 21 und heissen Cardano, Maker, Uniswap, https://t.co/cFVtTSj64F, Filecoin, Algorand, Aave, Compound und Cosmos neu bei uns willkommen.
▶️ Mehr erfahren: https://t.co/ceXgps4uFO#ADA #FIL #MKR #UNI #YFI #AAVE #ALGO #COMP #ATOM pic.twitter.com/ufUEy2SV08
— Swissquote Schweiz (@Swissquote_de) April 27, 2021
Swissquote Bank Europe now allows trading of Cardano, Uniswap, Filecoin, Aave, and other coins
The fully regulated online banking launched a cryptocurrency trading service in mid-March. It is known that Swissquote will allow customers to buy and sell a total of 12 cryptocurrencies. This is the first except for a bank in the EU.
In addition to cryptocurrencies, the bank also offers exposure to various securities, mutual funds, exchange-traded funds, and a wide range of fiat types.
In the meantime, CEO Dave Sparvell expects traders to diversify their token holdings with some of the more traditional investment vehicles:
“We expect to see clients both actively trade the volatile cryptocurrency markets, as well as diversify their existing portfolios of international stocks, ETFs and investment funds into this emerging asset class.”
One of the main perks offered by European Bank Swissquote is deposit protection, which, under local law, includes an exchange’s balance of up to 100,000 Euros.
By the end of 2021, the Luxembourg banking legal entity will also introduce crypto-focused services that will be specifically designed for institutional investors.
Swissquote, a large Swiss banking group, has been in the cryptocurrency industry for some time. Back in November, Swissquote became Europe’s first online bank to offer Bitcoin trading after partnering with cryptocurrency exchange Bitstamp.
In November 2017, it launched an exchange trading product that aims to correct Bitcoin’s volatility by transferring client funds between crypto-based cash through specific algorithms. In 2019, it also entered the obscure field of crypto custody.
Read more:
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- Chairman Of The Finance Committee In South Korea Said Over 200 Cryptocurrency Exchanges At The Risk Of Being Closed Down In September This Year