Swissquote Takes Aim At Volatility
The banking group, which began its cryptocurrency client exposure venture in July, issued the new option specifically to reduce risks imposed by volatility.
“Investors of all profiles should be able to benefit from the boom in digital currencies,” an introduction to the certificate reads.
This is why we are launching the first dynamically-managed Bitcoin certificate listed on the Swiss exchange.
Swissquote is advancing a national market, which has already gained its fair share of competitors as financial institutions vye to satisfy client appetites.
Fellow bank Vontobel’s previous incarnation of a Bitcoin certificate, which like Swissquote’s also trades on Switzerland’s stock exchange SIX, was its most popular product among traders “most days” since its launch in July 2016, it was reported earlier this year…