Swissquote welcomes CoinShares as new partner in its ETP section
Leading Swiss online trading firm Swissquote has welcomed CoinShares, specialist and pioneer in digital asset investing, as a new partner in its exchange-traded product (ETP) section.
The CoinShares Group manages assets on behalf of a global investor base, with offices in Jersey, Stockholm, London, and New York. CoinShares launched the world’s first regulated bitcoin investment fund in 2014 and offered the world’s first bitcoin-based securities on a regulated exchange in 2015. Its products & services include Europe’s largest ETP digital asset platform with approximately $2.9 billion of assets under management as of 4 January 2021.
“We believe expertise in both traditional and crypto markets is required to take full advantage of the opportunity that digital assets represent”, CoinShares says.
CoinShares has now joined a growing list of ETF/ETP leaders, such as UBS, Credit Suisse and Vanguard.
Swissquote 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.
Regarding the “traditional” crypto trading, let’s note that Swissquote currently offers 12 cryptocurrencies, providing traders with all the advantages digital currencies are able to offer.
Let’s recall that the business with cryptocurrencies contributed CHF 4.8 million (CHF 3.1 million) to Swissquote’s fee & commission income in the first half of 2020.