Netherlands-based retail brokerage platform BUX has launched a cryptocurrency-oriented product to cope with the increasing demand across young investors in Europe. Dubbed BUX Crypto, it’s a commission-free digital currency trading platform.
Back in January this year, BUX acquired the cryptocurrency investment platform, Blockport. Upon completing the transaction, officials at the Dutch company said that they will rebrand Blockport to BUX Crypto and fully integrated it under the BUX brand.
Earlier today, the firm announced the official launch of the cryptocurrency trading platform. It allows investors to buy and sell digital assets directly using Euros, without having to pay additional fees on the exchange rate from USD.
The announcement informed about a special launch promotion. The first 5,000 new users who are fully onboarded to the platform will have the option to trade with zero-commission and earn free BUX tokens as a reward. Following the initial promotion, all users will be able to trade without commission, as long as they hold at least 2,500 BUX tokens in their accounts.
For starters, the platform will offer trading with Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, and BUX Token. More assets will be added throughout the rest of the year.
“Following the official launch, BUX Crypto will be focusing its product development strategy on creating social-driven investing features. As a company that values its community, the product roadmap will focus heavily on building unique features that can bring both beginners and advanced investors together to learn from each other.” – Said Head of Product at the company, Sebastiaan Lichter.
BUX Crypto will register with the Dutch Central Bank (DNB) as a cryptocurrency services provider.
The new digital asset trading platform is already available to residents of 25 European countries, including Spain, Italy, Germany, France, and the U.K. According to founder and CEO, Nick Bortot, the interest amongst young EU-based investors is rising, and their products are aiming at satisfying their requirements:
“Since launching BUX in 2014, we have been developing apps that fit the needs of a new generation of investors. Part of our current offering allows users to invest in shares at zero-commission is an elegant, intuitive interface.
We see BUX Crypto as a natural extension of our current lineup, which is focused on offering products that make it simple and affordable for even the newest investor to get into the financial markets.”