Swissquote adds 4 altcoins to its trading platform

Swissquote Bank SA decides to add Bitcoin Cash, Ethereum, Litecoin and Ripple to the list of cryptocurrencies available for trading on its platform, tells CCN. The leader of Swissquote told it’s important for investors to diversify assets, and this why they have taken this measure.

This financial institution is not very experienced when it comes to Bitcoin trading, but the same can be said about CME Group that just launched its Bitcoin futures. Traditional economy only begins to assess and comprehend the possibilities posed by cryptocurrency, while in previous years, corporations believed it’s either too risky or with too narrow audience to work with.

You can read more about the mechanism invented by Swissquote for Bitcoin trading in our detailed report on the theme. In short, clients can receive a financial cushion to prevent huge losses in case the cryptocurrency dramatically goes down.

Other Swiss organizations have voiced their intentions to trade with Bitcoin futures, but turns out that Americans were faster when it comes to actual implementation of this mechanism.