BUX Zero adds crypto to commission free trading platform
The buying and selling of crypto assets will be zero commission at the release of cryptocurrencies in the Netherlands, Belgium, Ireland, and Spain. Other markets will follow soon.
BUX has added access to cryptocurrencies to clients in the Netherlands, Belgium, Ireland, and Spain as part of the phased rollout of BUX Zero, the zero commission trading platform.
The Dutch neobroker has initially launched to offer stocks and ETFs under the no-commission banner, but demand for digital assets has driven the decision to include the emerging asset class.
Yorick Naeff, Chief Executive Officer at BUX, said: “We are proud to be able to offer a 360-degree investing solution for the modern investor. Cryptocurrencies are here to stay, and we believe that for investors to build balanced portfolios, we need to be able to offer a selection of assets that are valuable for all of our clients.
“Bitcoin and cryptocurrencies offer innovative solutions that may prove to become a new way of hedging against a global economic crisis as well as disrupting old economic models that no longer serve the modern investor.”
BUX will feature in-depth and informative content around cryptocurrencies to ensure access to the correct information about different asset classes and help make well-informed investing decisions. The mobile app includes daily news and market analysis to get a comprehensive overview of market trends and activity.
Fireblocks is the strategic partner behind BUX Zero’s security for cryptocurrencies, using cryptographic technology, specifically multi-party computation (MPC).
BUX Zero’s strict security policy requires all communications to be encrypted all the way down to BUX servers, with the encryption of at least TLS version 1.2, as required by the Payment Card Industry (PCI) standards.
In addition, all traffic patterns are closely monitored to keep out potential malicious parties, with funds being monitored in real time, keeping most funds in cold storage.
The buying and selling of crypto assets will be zero commission at the release of cryptocurrencies in the Netherlands, Belgium, Ireland, and Spain. BUX Zero will introduce cryptocurrencies to other markets in the coming year.
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Crypto on BUX Zero after launch of BUX Crypto in 2020
It was in January 2020 that BUX acquires European social cryptocurrency investment platform, Blockport, in order to launch BUX Crypto shortly after in April of 2020.
Adding those capabilities to the BUX Zero platform is part of the consolidation process as the company progresses to create a single destination for investors.
BUX already boasts more than 600,000 clients as the neobroker becomes one of the fastest growing trading platforms in Europe, having first launched in 2014.
BUX Zero features the American way for retail investors, including fractional and zero commission trading in a large suite of shares, ETFs and now cryptocurrencies. The neobroker is available in the Netherlands, Germany, Austria, France, Belgium, Ireland and Spain.
