Swissquote adds Smart Contract Platforms to Themes Trading
Leading Swiss online trading firm Swissquote has further expanded its Themes Trading lineup via the addition of Smart Contract Platforms.
Just like any binding legal contract, smart contracts establish the terms of an agreement but eliminate human involvement. The contracts are managed with code running on the blockchain, and automatically execute, control or document relevant events and actions in line with the agreed contract.
The select cryptocoins that power the market are increasingly in demand. Each ecosystem like Ethereum or Polkadot has a cryptocoin that acts as the currency of the blockchain platform. The more the smart contract ecosystem is used, the more the coins will be in demand.
Smart contracts take advantage of the blockchains’ reliability, accessibility, and security without intermediary involvements or time delays. When agreed-upon terms are meet, contracts are executed. Smart contracts are already revolutionising the art world, as artists receive royalties on sales and resales of their digital art NFTs. They’re also already being used to settle everything from loans to logistics to online gaming systems.
Swissquote Smart Contract Platforms Index invests only in the crypto coins that drive the Smart contract revolution forward.
Advantages of Smart Contracts include speed, efficiency and accuracy, as well as trust and transparency.
Themes Trading is Swissquote’s collection of thematic portfolios, which allow traders not to buy individual stocks but assortments of stocks. Investors opting for this thematic investment are looking at what lies ahead and can therefore position their portfolio for faster growth and higher returns.
Swissquote introduced Themes Trading in September 2015. Back then, the service offered an initial set of 30 diverse themes, including global electric, cyber security, Greek recovery and fitness trends. The service offers investors to find opportunities in thematic investing, coupled with the highest possible transparency.
Swissquote has been regularly expanding its themes trading lineup. In February 2022, for instance, the company introduced a Gender Equality certificate. And, earlier in March, Swissquote introduced its Global Recycling theme, which provides investors with direct exposure into waste management with the aim of turning trash into treasure.