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Home » Brokers » BUX Zero to offer commission free cryptocurrency trading in Europe

Investment platform BUX Zero is adding 20 cryptocurrencies to its existing menu of stocks and ETFs, the Dutch-based broker confirmed this week. BUX Zero is entering a phased roll-out for crypto trading in several European markets, including the Netherlands, Spain and Ireland.

Among the coins on offer will be Bitcoin, Ethereum and Litecoin. The launch comes as part of what BUX is calling a 360 degree investing solution for the modern investor.

“Cryptocurrencies are here to stay, and we believe that for investors to build balanced portfolios, we need to be able to offer a selection of assets that are valuable for all of our clients,” said Yorick Naeff, CEO at BUX. “Bitcoin and cryptocurrencies offer innovative solutions that may prove to become a new way of hedging against a global economic crisis as well as disrupting old economic models that no longer serve the modern investor.”

As part of the launch, BUX says it will be adding in-app daily cryptocurrency trading news and market analysis for crypto investors.

BUX Zero working with Fireblocks to provide security

The broker said it will be working with security platform Fireblocks to ensure that client investments are being properly protected using cryptographic technology, specifically multi-party computation (MPC). This is in addition to the broker’s existing security policies.

All communications with BUX Zero are encrypted all the way down to BUX servers, with the encryption of at least TLS version 1.2, as required by the Payment Card Industry standards. BUX also closely monitors all traffic patterns to keep out potential malicious parties. Funds will be monitored in real time, keeping most funds in cold storage.

Zero commission cryptocurrency trading

BUX said it would be offering cryptocurrency trading on a zero commission basis.

The launch follows on from the acquisition of cryptocurrency investment platform Blockport by BUX in January last year, which allowed it to launch a crypto service (BUX Crypto). BUX said the new service is part of its drive to offer traders the opportunity to build a balanced portfolio that can include cryptocurrencies. The broker also confirmed that it would be adding more currencies to the menu later this year.

BUX now has over 600,000 clients and is considered one of the fastest growing next generation neo-brokers in Europe. Launched in 2014, it is aiming to deliver the widest possible selection of asset classes to European investors on a commission-free basis. Its product offering is currently available in several European markets, including Germany, Austria, France, Belgium and Spain. The broker is based in Amsterdam.

Related

This article is not investment advice. Investors should do their own research or consult a professional advisor.

Stuart Fieldhouse Editor

Stuart Fieldhouse

Stuart Fieldhouse has spent 25 years in journalism and marketing, including as a wealth management editor for the Financial Times group, covering capital markets and international private banking, and as an investment banking correspondent for Euromoney in Hong Kong. He was the founder editor of The Hedge Fund Journal.

Stuart has worked at CMC Markets, supporting the re-launch of its global financial spread betting and CFD trading platforms. He is also the author of two books on trading, published by Financial Times Pearson. Based in The Armchair Trader’s London office, Stuart continues to advise fund managers, private banks, family offices and other financial institutions.

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