March 28, 2024

Saxo Bank subsidiary launches cryptocurrency trading for clients

The bank's customers from Singapore and Australia can already buy and sell Bitcoin, Ethereum and Litecoin.In the comingthis opportunity will appear for residents of other countries.

Saxo Markets, a subsidiary of Saxo Bank,which is engaged in investments in digital assets, has launched a service that allows you to trade cryptocurrency for fiat money, according to CoinDesk. According to the publication, the bank's clients can trade Bitcoin, Ethereum and Litecoin.

So far, this opportunity is only available to customers.from Singapore and Australia, but in the coming weeks the bank plans to expand the geography of the service. Private clients can use margin trading, and accredited investors can use leverage.

Previously Goldman Sachs was the first among the largestUS investment banks created a department for cryptocurrency trading. The new department has already successfully traded two types of bitcoin-related derivatives.

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