BUX Launches BUX Crypto For European Traders
Following a recent exchange acquiring, a brokerage platform based in Amsterdam called BUX has launched cryptocurrency trading.
On April 8, A statement was issued by the company, announcing the launch of the digital assets platform called BUX crypto, which, for now, is offering a zero-commission fee structure. Blockport, a defunct crypto exchange at the start of the year declared bankruptcy and stated it has run out of operational capital on May 2019, in an Amsterdam court. The exchange was acquired by BUX.
Big Move by BUX to Launch Crypto-TradingThe platform has been contemplating upon cryptocurrency for a while now. Provided they get the approval from the Dutch Central Bank, the acquiring would allow BUX to offer it's European traders cryptocurrency trading, which would be a big statement from the company.
The CEO and founder of BUX have stated that they have invested a lot of time and energy into developing apps that would allure the upcoming generation of investors. He went on to add that the new launch would appeal to the masses and even the new investors would be drawn to financial markets via BUX crypto.
The biggest advantage that the new platform would boast is that it will allow users to buy the top cryptocurrencies in Euro itself, thus, saving the additional exchange fee they have to pay when they buy in US dollars. The traders have the option to buy and sell bitcoin, (BTC), Bitcoin Cash (BCH) and Litecoin (LTC).
The Head of Product at the platform, Sebastian Lichter stated that they are focusing on building a unique roadmap where new and experienced investors are on the same page and learn from each other. The BUX Crypto is now available to residents of 25 European countries, including the Netherlands, Germany, Austria and France.
Articles You May Read.
- Best Exchanges For Trading Bitcoin in 2020: Updated
- How To Buy Bitcoin On Kraken; A Quick Guide For Buying Cryptocurrencies
- 5 Best Decentralized Exchanges that You Must Check Out
About The Author
Zain RazaZain is a fervid fan of bitcoin and has been meticulously covering the field for a fair amount of time now. An aficionado of Spider man, Liverpool and Slim Shady.
Future1Exchange Introduces First Of Its Kind ...Jyoti Singh 11:57 AM 01 Jun 2020
Decentraland Users Watches Mega Launch of Spa...Vandana Malik 09:46 AM 01 Jun 2020
Bitmain Announces ASIC Miner Launch Under Ant...Vandana Malik 09:39 AM 01 Jun 2020
Prior To Launch Of Shelley Mainnet, Cardano A...Jyoti Singh 10:14 AM 01 Jun 2020
John McAfee Dismisses His Own $1M BTC Price P...Vandana Malik 10:22 AM 01 Jun 2020
Ever Heard About Selfish Mining?Aditya Nagar 10:45 AM 01 Jun 2020
Bitcoin Update: News After HalvingSujit Kumar 09:50 AM 01 Jun 2020
Max Keiser Believe Bitcoin Can Do Anything Th...Jyoti Singh 10:23 AM 01 Jun 2020
PlanB Predicts BTC Bull Run in Stock-To-Flow ...Vandana Malik 06:54 AM 01 Jun 2020
Winklevoss Twin And Vitalik Buterin Share The...Jyoti Singh 06:13 AM 01 Jun 2020