Swissquote expands cryptocurrency offering
Swissquote, Switzerland’s leading online bank is expanding its offer with nine new cryptocurrencies. In addition to the leading twelve cryptocurrencies, investors can now also trade Cardano, Filecoin, Maker, Uniswap and yearn.finance. A further four cryptocurrencies will follow at the end of the month: Aave, Algorand, Compound and Cosmos. With a total of 21 tradable virtual currencies, Swissquote is the bank with the most comprehensive offering for cryptocurrency trading in Switzerland.
The cryptocurrencies Cardano (ADA), Filecoin (FIL), Maker (MKR), Uniswap (UNI) and yearn.finance (YFI) are now available for trading. At the end of this month, cryptocurrency universe will be further expanded with Aave (AAVE), Algorand (ALGO), Compound (COMP) and Cosmos (ATOM). Clients can invest with EUR or USD easily, securely and on advantageous terms via their trading account. Client demand and the liquidity available for trading were the key factors in the selection of these new cryptocurrencies.
Swissquote is thus building on its position as a pioneer in cryptocurrency trading. The bank first offered private clients the opportunity to trade in cryptocurrencies in July 2017, and since then the offering has been continuously expanded. The cryptocurrency trading business has exceeded Swissquote’s expectations and has become an important source of income. In March 2021, Swissquote had no less than CHF 1.8 billionin client crypto assets under custody. Swissquote’s offering for institutional clients waiting to enter the professional world of crypto trading and make use of custodian bank services is likewise being expanded on an ongoing basis.
Swissquote MEA LTD
Based in the Dubai International Financial Centre, Swissquote MEA holds a category 3A license from the Dubai Financial Services Authority (DFSA). The prestigious and innovative Swiss entity is paving the way for the future of online banking in the Middle East, offering multi-asset trading platforms, dedicated offshore banking and trading accounts for expatriates and company/institutional services.
Swissquote MEA is the only financial entity in the GCC region offering multi-currency offshore accounts without a minimum balance, as well as market-leading Forex rates and a credit card offering transactions in up to 12 currencies, making it a popular choice for financially savvy GCC-based expatriates.
In addition to its digital corporate and retail account services, Swissquote MEA offers numerous trading and investment benefits, including access to over three million financial products from stock markets across the world, as well as real time tools for analysis and research, themed investment portfolios, cryptocurrency trading, and online guidance and webinars for first-time investors.
Swissquote is a major brand partner of world-renowned English Premier League team Manchester United. The partnership was a natural choice, as both organisations have reached the top of their game through passion, teamwork and an unwavering commitment to excellence.
Swissquote – The Swiss Leader in Online Banking
As a leading provider of online financial services, Swissquote offers innovative solutions and analysis tools to meet the wide range of demands and needs of its clients. As well as various online trading services, the user-friendly platform also provides solutions for Forex, Robo-advisory and Mortgage. In addition to a low-cost service for private clients, Swissquote also offers specialized services for independent asset managers and corporate clients. Swissquote Bank Ltd holds a banking license issued by its supervisory authority the Swiss Federal Financial Market Supervisory Authority (FINMA) and is a member of the Swiss Bankers Association. Its mother company, Swissquote Group Holding Ltd, is listed on the Swiss stock exchange SIX (symbol: SQN).