Brokerage Firm Launches Cryptocurrency Trading Platform

A Dutch retail brokerage firm BUX launched a zero commission (for the first 5,000 users) crypto trading platform- BUX crypto to solely respond to the growing demand for crypto trading.

In an announcement posted yesterday- the 8th of April, 2020 , the company stated that they are available in 25 European nations and is planning on offering that would bring in new traders.

“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.” (source- BUX Newsroom)

Currently the platform hosts and supports Bitcoin, Ether, Ripple, Bitcoin Cash, Litecoin and their native token BUX. They are said to add multiple other cryptos over time.

The platform has also promised to register with the Dutch Central Bank as a cryptocurrency service provider. It is crucial, however, for the platform to win the trust of users and providing both its users and potential new users information regarding cryptocurrencies