BUX, a European
mobile brokerage company headquartered in the Netherlands, has gotten its
Digital Asset Service Provider (DASP) registration from the Autorité des
Marchés Financiers (AMF).
With the development,
BUX announced on Tuesday, it will offer users in France the ability to trade
cryptocurrencies on BUX Zero, its commission-free trading platform, from early
2023. The exchange, however, noted that the service will be first launched in its markets in Netherlands, Belgium, Spain, Italy, and Ireland.
“BUX is about to launch
its crypto offer in France. French users of BUX Zero will be able to buy and
sell more than 58 crypto-assets in addition to the shares and ETFs already
offered, with the opportunity to build a diversified portfolio,” BUX explained.
BUX introduced
the crypto trading feature to its BUX Zero
platform at the start of the year to give investors access to more than 20
cryptocurrency markets that include Bitcoin, Ethereum and Litecoin. However,
the firm has been offering crypto trading access under the BUX Crypto brand
since April 2020.
The firm only
recently launched BUX Zero in
Italy after establishing its presence in seven other European markets following
the
first launch of the commission-free
trading platform in the Netherlands in 2019.
Check out this recent Finance Magnates London Summit 2022 session on social trading.
BUX Focusing on Development Strategy in
France
Speaking on the
registration just granted by the French stock market regulator, Jean-Philippe
Fabre, Head France & Risk Officer at BUX, attributed the gain to the firm’s
in-depth work over the course of several months.
“This is a major step
for BUX in our development strategy in France. We are convinced of the
potential of cryptoassets in a diversified portfolio and are delighted to be
able to offer our French users the opportunity to invest directly in digital
assets,” Fabre explained.
Meanwhile, BUX recently
deepened its Spanish presence with its acquisition
of the retail brokerage arm of Spanish neobroker
Ninety Nine.
“Thanks to this
acquisition, Ninety Nine users will have access to a wide range of services
provided by BUX, such as investing in Spanish, European, and US stocks, ETFs,
cryptocurrencies, fractional investing, and the BUX Savings Plan,” BUX’s CEO,
Yorick Naeff, said.
BUX, a European
mobile brokerage company headquartered in the Netherlands, has gotten its
Digital Asset Service Provider (DASP) registration from the Autorité des
Marchés Financiers (AMF).
With the development,
BUX announced on Tuesday, it will offer users in France the ability to trade
cryptocurrencies on BUX Zero, its commission-free trading platform, from early
2023. The exchange, however, noted that the service will be first launched in its markets in Netherlands, Belgium, Spain, Italy, and Ireland.
“BUX is about to launch
its crypto offer in France. French users of BUX Zero will be able to buy and
sell more than 58 crypto-assets in addition to the shares and ETFs already
offered, with the opportunity to build a diversified portfolio,” BUX explained.
BUX introduced
the crypto trading feature to its BUX Zero
platform at the start of the year to give investors access to more than 20
cryptocurrency markets that include Bitcoin, Ethereum and Litecoin. However,
the firm has been offering crypto trading access under the BUX Crypto brand
since April 2020.
The firm only
recently launched BUX Zero in
Italy after establishing its presence in seven other European markets following
the
first launch of the commission-free
trading platform in the Netherlands in 2019.
Check out this recent Finance Magnates London Summit 2022 session on social trading.
BUX Focusing on Development Strategy in
France
Speaking on the
registration just granted by the French stock market regulator, Jean-Philippe
Fabre, Head France & Risk Officer at BUX, attributed the gain to the firm’s
in-depth work over the course of several months.
“This is a major step
for BUX in our development strategy in France. We are convinced of the
potential of cryptoassets in a diversified portfolio and are delighted to be
able to offer our French users the opportunity to invest directly in digital
assets,” Fabre explained.
Meanwhile, BUX recently
deepened its Spanish presence with its acquisition
of the retail brokerage arm of Spanish neobroker
Ninety Nine.
“Thanks to this
acquisition, Ninety Nine users will have access to a wide range of services
provided by BUX, such as investing in Spanish, European, and US stocks, ETFs,
cryptocurrencies, fractional investing, and the BUX Savings Plan,” BUX’s CEO,
Yorick Naeff, said.
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