Fintech firm Leonteq expands crypto providing in Europe

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Following the profitable growth of its cryptocurrency service inside its homeland of Switzerland, fintech agency Leonteq has now launched a collaborative effort with ICF Financial institution — certainly one of Germany’s main securities buying and selling banks — to deliver crypto to institutional buyers all through Germany and Austria.

Nicely regarded for his or her accolades within the Swiss markets, together with being the “world’s first quick tracker certificates on Bitcoin in 2017, in addition to the world’s first reverse convertible on Bitcoin in 2019,” the agency is now set to make additional strides within the rising house.

Following the evolution of a multi-year relationship, Leonteq and ICF Financial institution have teamed up in an effort to department the previous’s monetary choices past conventional structured property with the introduction of 18 crypto-based property together with the impassable Bitcoin (BTC) and Ether (ETH), in addition to Cardano (ADA), Aave (AAVE) and XRP, amongst others.

Monitoring certificates for every of those property may be considered on the Börse Frankfurt Zertifikate AG.

Associated: What the SEC can study from the German regulator

Following this, Leonteq reportedly boasts the largest crypto providing for each institutional and retail buyers within the DACH area (Germany, Austria and Switzerland).

Commenting on the advantages that their clients will expertise following this information, Tino Wendisch, head of crypto providing at Leonteq acknowledged:

“We’re proud to supply our shoppers such a broad underlying universe and distinctive funding alternatives in numerous themes inside the crypto house equivalent to decentralized finance, storage or blockchain applied sciences in a securitised format.”