From CityAM, October 26:
Online trading and investment platform Saxo Bank has announced booming intake from its crypto products amid surging demand.
The bank’s turnover from crypto products exceeded $2.5bn (£1.8bn) for the year, leading the Danish online broker to increase position limits and add new crypto products in response to “exceptional” interest.
Demand for the platform’s digital assets division, Crypto FX, has exceeded expectations as investors look to diversify their portfolio’s and hedge against inflation by investing in alternative assets the bank said.
Stanislav Kostyukhin, Commercial Owner for the Trader segment at Saxo Bank, commented “the exceptional response and activity seen in the six months after the launch of our Crypto FX offering clearly shows that crypto is an increasingly important asset class for our clients.”....
....MORE
