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- Swiss FinTech firm Leonteq introduces digital assets products
- Company is being helped by Frankfurt-based bank
- Leonteq offers German and Austrian investors with exposure to major cryptos
Leonteq is introducing a broad scope of items to financial backers in Germany and Austria after an effective extension in its home market, Switzerland. It offers openness to an aggregate of 18 crypto resources, including bitcoin (BTC), ethereum (ETH), bitcoin cash (BCH), and litecoin (LTC), which can be exchanged for securitized design in the three nations, the fintech declared Thursday.
Tracker authentications on these crypto resources are currently accessible for financial backers as recorded items on Börse Frankfurt Zertifikate AG (Open Market), Leonteq definite in an official statement. The organization likewise uncovered it’s working together with ICF Bank AG, Frankfurt, a main protection exchanging bank in Germany, for the organizing and conveyance of organized items on crypto resources.
Following the development of its advanced resource offering in Switzerland, Leonteq is currently dispatching its broad scope of crypto resources in Germany and Austria by offering items with Bitcoin and Ethereum just as Aave, Algorand, Bitcoin Cash, Cardano, Chainlink, Cosmos, EOS, Ethereum Classic, Filecoin, Litecoin, Maker, Polkadot, Ripple, Stellar, Tezos and Uniswap as underlyings.
FinTech firm presently covering 76% of total MarketCap
Sasch Rinno, an individual from the bank’s Management Board, called attention to the fact that Leonteq is a set up guarantor of organized endorsements and crypto resources.
Tino Wendisch, head of crypto offering at Leonteq, noticed that the fintech firm is presently covering around 76% of the complete market capitalization of the arising resource class in the German and Austrian business sectors. Björn Geidel, who heads deals in the two nations, gathered that Leonteq and ICF Bank have been working into a single unit for a long time in the space of market making of organized items.
Swiss fintech has been a pioneer in offering organized items on crypto resources. The organization has been giving tracker authentications and effectively oversaw declarations on the main cryptographic forms of money in Switzerland since 2017. Around the same time, Leonteq likewise offered its customers a short tracker declaration and in 2019, an opposite convertible on BTC.
About ICF BANK AG
ICF BANK AG is one of Germany’s driving protections exchanging banks. We offer institutional customers proficient administrations in all parts of protections exchanging and capital business sectors. Notwithstanding the capital business sectors division, the principal business regions are market making, execution deals a lot exchanging for public and worldwide customers and the turn of events and computation of tweaked files.
ICF Bank furnishes institutional customers with proficient administrations identified with protections exchanging and capital business sectors. Its business is likewise centered around market making, execution deals, and deals exchanging for both homegrown and global customers just as the turn of events and estimation of tweaked files
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
