Swiss Fintech Organization Leonteq Expands Cryptocurrency Services to Germany and Austria

The Switzerland-centered monetary institution – Leonteq AG – introduced it partnered with ICF Lender AG to introduce electronic asset offerings to institutional buyers as very well as private shoppers in Germany and Austria. The initiative would grant investors publicity to 18 cryptocurrencies, such as the foremost ones, Bitcoin (BTC) and Ethereum (ETH).

Leonteq Stretches out of Switzerland

Leonteq AG – a Swiss organization specializing in structured fiscal products and solutions – announced it would permit traders in Germany and Austria to operate with 18 cryptocurrencies. These include things like Bitcoin, Ethereum, Bitcoin Money, Litecoin, Ripple, Cardano, and additional.

The fintech corporation even further revealed that its lover is the Frankfurt-centered establishment – ICF Lender AG. Björn Geidel – Head of Crypto Providing at Leonteq – noted that the Swiss organization now covers virtually 76% of the overall market place capitalization of the asset course in the German and Austrian spots.

“We are very pleased to supply our customers these a broad underlying universe and unique financial investment possibilities in numerous themes inside the crypto house these as decentralized finance, storage or blockchain technologies in a securitized format” – he additional.

In his flip, Sascha Rinno – a member of the ICF BANK’S Administration Board – mentioned that the traders in the DACH area (Austria, Germany, and Switzerland) have been demonstrating a growing urge for food for digital property operations. He asserted that the collaboration with Leonteq would be beneficial to all those inclined to be a part of the crypto marketplace:

“Through this cooperation with Leonteq, we are assembly the fascination of equally institutional buyers as perfectly as private investors in crypto assets. Leonteq is an established issuer that stands for excellence and excellent in the subject of structured certificates and crypto property, and we are delighted to be working with them.”

Leonteq is a significant fintech enterprise headquartered in Zurich. It delivers structured monetary products and solutions as very well as insurance policy merchandise. The company serves far more than 50 marketplaces and has documented in excess of $140 billion in property underneath administration.

Swiss Banking institutions Focus on Crypto

The cryptocurrency surroundings in Switzerland seems to be acceptable for the nearby banking companies as some of them a short while ago introduced intentions to start these types of companies.

For example, back again in May, the multinational expenditure bank – UBS Team – regarded as enabling its rich buyers to digital asset investments later in 2021. Nonetheless, the financial establishment warned about the infamous volatility of the cryptocurrency sector and would let customers to allocate a “very tiny portion” of their complete wealth.

As CryptoPotato noted a month in the past, Sygnum Bank – an additional Swiss-based mostly economical establishment – unveiled it would develop into the first bank to offer Ethereum 2. staking. The business described that staking services are fully built-in into its system, highlighting increased safety.