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Swissquote bank launches trading in Ether, Litecoin, Ripple, Bitcoin Cash

 Swissquote bank, the Swiss-regulated financial institution behind the forex brokerage of the same name, announced it is launching trading in four more cryptocurrencies: Ether, Litecoin, Ripple and Bitcoin Cash.


 

The bank has been offering trading in Bitcoin since this summer and has recently launched an actively managed Bitcoin certificate that is traded on the SIX Swiss Exchange. The forex brokerage unit of Swissquote has also been offering trading in Bitcoin in partnership with the Luxembourg-licensed exchange Bitstamp, but with leverage.


 

Now clients of Swissquote bank can also trade in Ether, Litecoin, Ripple and Bitcoin Cash against the Euro or the US dollar through their Swissquote trading account, just as they would with any other currency, bit without leverage, in order to minimize the risk of major loss.


 

The four new cryptocurrencies were added in accordance with client demand and available liquidity. Currently, those are among the coins with highest market capitalization.


 

There are some conditions, set by the bank. The minimum cryptocurrency transaction is worth 5 USD or EUR, and the maximum is 500,000 USD or EUR. The commissions charged are a percentage of the transaction sum, ranging from 0.5% to 1% depending on the amount invested.


 

“Our Bitcoin trading offer and certificate have been a big success and exceeded our expectations”, said Marc Bürki, CEO of Swissquote. “We are expanding our offer to help investors diversify in cryptocurrencies, just like they do in traditional securities. Cryptocurrencies are increasingly popular, more quickly than anyone expected. By offering them on our platform, investing in cryptocurrencies becomes simpler, safer and accessible to all.”


 

Swissquote was founded back in 1996 and today it ranks among the top 10 online forex brokers in the world. It is a brand of Swissquote Bank Ltd., a recognised public bank regulated by the Swiss Financial Market Supervisory Authority (FINMA) and part of the International Swissquote Group. Swissquote Group Holding Ltd (SQN) is listed on the SIX Swiss Exchange.

 

In addition, the Swissquote Group has set up an UK subsidiary, Swissquote Ltd., which holds a FCA license and provides online forex, commodities and stock indices trading services for traders based in the European Union.

 

 

TAGS: swissquote  bitcoin  ether  litecoin  ripple  bitcoin cash 

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