Investment Firm EXANTE Launches Cryptocurrency Trading

The current cryptocurrency market is said to be worth over USD100 billion today, with more than 700 cryptocurrencies in existence. Back in 2013, the Malta-based company Exante created The Bitcoin Fund, which became the world’s first regulated way of speculating in Bitcoin or investing in it for long-term gain.

According to Bloomberg it was the biggest single investment vehicle gain in world history and now, after four years, the firm has taken the next step and launched trading in other popular digital coins. Besides Bitcoin, which has become a household name, Exante customers will be able to trade in five more cryptocurrencies: LTC (Litecoin), XRP (Ripple), ETH (Ethereum), XMR (Monero), and ZEC (Zcash).

“We are excited to launch and add cryptocurrency trading to our platform to support the rapidly growing use of cryptocurrencies in the global FinTech ecosystem. This expands our offering of cryptocurrencies to customers who are searching for other attractive alternative asset classes for trading”, stated Patrick J O Brien, Exante’s Communication Director.

“Our founders combined many years of fintech experience from finance, trading and engineering talent to develop a secure, liquid and transparent platform that provides the highest security measures and superior execution capability, on par with the standards of large global financial institutions.”

Exante customers will no longer find it difficult to choose between traditional assets and new promising instruments anymore; for trading cryptocurrencies they can now use the same brokerage account as for buying shares, options, bonds and all other instruments, and the total number of instruments available through the EXANTE terminal is over 45,000.

Another important point is, that unlike many specialized markets, trading altcoins through Exante is safe and completely legal. All the coins purchased are stored at the customer’s personal account, which means you don’t have to create any cryptocurrency wallets, which are often not well protected against hacking.

All new digital coins can be found among other Instruments in Funds section alongside BTC. LTC and XRP are already available for trading, while the other three will follow within a month.

When it comes to the future of money, there is a growing consensus that cryptocurrencies are set to play a major role. Exante has been a leader in this economic revolution and though many have followed suit Exante remains a forerunner of this new age in Malta's capital markets.

(Photo: Exante CEO Alexey Kirienko, Founder Anatoliy Knyazev, Chairman of Malta Stock Exchange, Joe Portelli, Journalist Patrick  J O Brien, and Exante Co Founder Gatis Eglitis)

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