Netherlands-based retail brokerage platform BUX has launched a cryptocurrency-oriented product to deal with the growing demand throughout younger traders in Europe. Dubbed BUX Crypto, it’s a commission-free digital foreign money buying and selling platform.
BUX Crypto For EU Buyers
Again in January this 12 months, BUX acquired the cryptocurrency funding platform, Blockport. Upon finishing the transaction, officers on the Dutch firm stated that they’ll rebrand Blockport to BUX Crypto and totally built-in it below the BUX model.
Earlier at the moment, the agency introduced the official launch of the cryptocurrency buying and selling platform. It permits traders to purchase and promote digital belongings immediately utilizing Euros, with out having to pay further charges on the alternate price from USD.
The announcement knowledgeable a couple of particular launch promotion. The primary 5,000 new customers who’re totally onboarded to the platform can have the choice to commerce with zero-commission and earn free BUX tokens as a reward. Following the preliminary promotion, all customers will be capable of commerce with out fee, so long as they maintain no less than 2,500 BUX tokens of their accounts.
For starters, the platform will provide buying and selling with Bitcoin, Ethereum, Ripple, Bitcoin Money, Litecoin, and BUX Token. Extra belongings might be added all through the remainder of the 12 months.
“Following the official launch, BUX Crypto might be focusing its product improvement technique on creating social-driven investing options. As an organization that values its neighborhood, the product roadmap will focus closely on constructing distinctive options that may convey each newbies and superior traders collectively to study from one another.” – Stated Head of Product on the firm, Sebastiaan Lichter.
BUX Crypto will register with the Dutch Central Financial institution (DNB) as a cryptocurrency companies supplier.
Focusing On Younger EU Buyers
The brand new digital asset buying and selling platform is already out there to residents of 25 European international locations, together with Spain, Italy, Germany, France, and the U.Okay. Based on founder and CEO, Nick Bortot, the curiosity amongst younger EU-based traders is rising, and their merchandise are aiming at satisfying their necessities:
“Since launching BUX in 2014, we’ve been growing apps that match the wants of a brand new technology of traders. A part of our present providing permits customers to put money into shares at zero-commission is a sublime, intuitive interface.
We see BUX Crypto as a pure extension of our present lineup, which is concentrated on providing merchandise that make it easy and reasonably priced for even the latest investor to get into the monetary markets.”
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