BUX adds crypto to investing app

Mobile trading app BUX will introduce cryptocurrencies in a phased roll-out to clients in The Netherlands, Belgium, Spain, and Ireland.

Based in Amsterdam and London, BUX is a European mobile brokerage company which aims to make it affordable and easy for Europeans to “do more with their money.”

The company said its platform BUX Zero, makes commission-free investing accessible, intuitive, and affordable for both first time and existing investors allowing them to invest in a large suite of shares, ETFs and now cryptocurrencies. BUX Zero is currently available in the Netherlands, Germany, Austria, France, Belgium, Ireland and Spain.

The addition of cryptocurrencies, BUX said, allows investors to access a “360-degree solution for building a diversified portfolio which also includes shares and ETFs.” BUX Zero clients will be able to invest in more than 20 cryptocurrencies such as Bitcoin, Ethereum and Litecoin.

BUX acquired European social cryptocurrency investment platform, Blockport in January of 2020 and launched BUX Crypto shortly after in April of 2020. The company plans to introduce cryptocurrencies to other markets in the coming year.

Yorick Naeff, CEO of BUX, said, “Cryptocurrencies are here to stay, and we believe that for investors to build balanced portfolios, we need to be able to offer a selection of assets that are valuable for all of our clients.”

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