Swissquote runs Bitcoin Certificate

Swissquote, leading provider of online financial services, announced today that it has launched actively managed Bitcoin certificate
23 November 2017   1057

Bitcoin certificate allows its investors to participate in the cryptocurrency boom through a traditional financial vehicle traded on the SIX Swiss Exchange.

With the certificate, the average investor gets a regulated and transparent gateway to Bitcoin, without needing a special Bitcoin wallet, managing public and private keys or having to fear theft or hacks. We expect that investors will be willing to accept slightly lower returns in exchange for better protection against downside risks.

 

Peter Rosenstreich

Head of Market Strategy, Swissquote

Customers invest in Bitcoins against the Euro or the US Dollar through their accounts. Minimum investment is 1’000 US Dollars, which is also in the initial price of the certificate. Management fees are 1.5% per year plus transaction costs. There is no minimum holding period.

For this project, Swissquote partnered with Luxembourg-based Bitstamp, one of the biggest cryptocurrency exchanges.

Bakkt to Unveil Bitcoin Futures Test Date

Along with date announcement, COO Bakkt believes the platform will attract institutional investors and set new standards for the cryptocurrency market
14 June 2019   236

The Bakkt cryptocurrency platform has named the exact start date for testing Bitcoin futures. The first users will be allowed to test the tool on July 22.

According to Bakkt's Operations Director, Adam White, the platform will attract institutional investors and set new standards for the cryptocurrency market.

White pointed out that the wider distribution of cryptocurrencies, in particular, is hampered by unreliable pricing mechanisms and the likelihood of instantly falling rates.

Along with these problem-solving solutions that are new to digital asset markets, Bakkt also brings all the other features that institutions would expect in a versatile and broadly accessible market, including: block trades; a fee holiday through the end of the year to encourage trading; market maker incentive programs to encourage liquid markets; and integrations with ISVs and regulated brokerage platforms.
 

Adam White

COO, Bakkt

At Bakkt, two futures contracts will be presented - with daily and monthly settlements. Risk management and the securing mechanism for these contracts will meet the standards of the traditional derivatives market.