BUX has launched BUX Crypto, a platform that allows users to trade cryptocurrencies easily and commission-free. This launch follows the announcement of the acquisition of Blockport by BUX in January of this year. Since announcing the acquisition, BUX has rebranded the platform and has incorporated BUX Crypto into its current lineup of trading and investing products.
“Since launching BUX in 2014, we have been developing apps that fit the needs of a new generation of investors. Part of our current offering allows users to invest in shares at zero-commission in an elegant, intuitive interface.” Said Nick Bortot, CEO & Founder, BUX. “We see BUX Crypto as a natural extension of our current lineup, which is focused on offering products that make it simple and affordable for even the newest investor to get into the financial markets.”
zero-commission as long as users hold 2500 BUX
BUX Crypto allows users to buy and sell cryptocurrencies effortlessly and directly using Euros, saving investors additional fees on exchange rates from USD. As a launch promotion, BUX Crypto will be offering the first 5,000 new users who have fully onboarded to the platform the option to trade with zero-commission and earn free BUX Tokens as a reward. Following this initial promotion, BUX Crypto users will always have the option to trade with zero-commission as long as they hold 2,500 BUX tokens in their portfolio.
BUX Crypto will initially be offering a selection of six cryptocurrency assets and will continue to add additional assets throughout the year. The initial offering includes Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), Litecoin (LTC) and BUX Token (BUX).
“Following the official launch, BUX Crypto will be focusing its product development strategy on creating social-driven investing features.” Said Sebastiaan Lichter, Head of Product, BUX Crypto. “As a company that values its community, the product roadmap will focus heavily on building unique features that can bring both beginners and advanced investors together to learn from each other.”
BUX Crypto will register with the Dutch Central Bank (DNB) as a cryptocurrency services provider. The platform is now available to residents of 25 European countries, including the Netherlands, Germany, Austria and France. A full list of available regions can be found here.