European neobroker BUX has revealed it will introduce cryptocurrencies to its flagship investing app, BUX Zero. The expansion in the company’s offering will benefit clients in in the Netherlands, Belgium, Spain and Ireland.
Over 20 cryptos will be available to BUX Zero clients including Bitcoin, Ethereum and Litecoin.
Yorick Naeff, CEO, BUX, said:
Yorick Naeff Source: LinkedIn
We are proud to be able to offer a 360-degree investing solution for the modern investor. Cryptocurrencies are here to stay, and we believe that for investors to build balanced portfolios, we need to be able to offer a selection of assets that are valuable for all of our clients. Bitcoin and cryptocurrencies offer innovative solutions that may prove to become a new way of hedging against a global economic crisis as well as disrupting old economic models that no longer serve the modern investor.
Crypto education and risk management
BUX will ensure consumers have access to the correct information about different asset classes by making available in-depth and informative content about cryptos. Its clients will also be able to access in-app daily news and market analysis to get a comprehensive overview of market trends and activity.
Through working with security platform Fireblocks, BUX Zero ensures its client investments are well-protected using cryptographic technology, specifically multi-party computation (MPC). Additionally, All communications with BUX Zero are encrypted.
Moreover, BUX closely monitors in real time all traffic patterns to keep out potential malicious parties.
Buying and selling of crypto assets will be zero commission at the release of cryptocurrencies on BUX Zero. The company noted that it plans to introduce cryptocurrencies to other markets in the coming year.
Experienced writer and journalist, working in the global online trading sector, Steffy is the Editor of LeapRate. She has previous experience as a copywriter and has been with the company since January 2020. Steffy has a British and American Studies degree from St. Kliment Ochridski University in Sofia.