In line with earlier FNG reports, Swiss online trading firm Swissquote continues to expand its cryptocurrency offering.
Last week, cryptocurrencies Cardano (ADA), Filecoin (FIL), Maker (MKR), Uniswap (UNI) and yearn.finance (YFI) were made available for trading. Today, the cryptocurrency universe was further expanded with the addition of Aave (AAVE), Algorand (ALGO), Compound (COMP) and Cosmos (ATOM).
Following the latest additions, Swissquote offers 21 cryptocurrencies to its clients.
The bank first offered private clients the opportunity to trade in cryptocurrencies in July 2017, and since then the offering has been continuously enriched. In March 2021, Swissquote had no less than CHF 1.8 billion in client crypto assets under custody.
The company also offers its clients to trade crypto-linked Exchange Traded Products (ETPs) for a secure and low-cost alternative to gain exposure on digital coins. These products may be of interest to those who are looking for the real gems in crypto trading, combining some classics of financial investment with the high potential of cryptocurrencies.
Recently, Swissquote has welcomed Swiss product issuer 21Shares AG to its ETP leader section. 21Shares AG aims to make investing in crypto assets as easy as buying shares using a conventional broker. Their ETPs (exchange-traded products) are 100% physically backed, segregated and allow retail and institutional investors to be a part of the best performing asset class of the last decade.