- Companies like Coinbase and Paypal are improving the access of cryptocurrencies for investors in the United States and the United Kingdom, respectively.
- Coinbase offers more affordable crypto futures contracts and education, while PayPal gains approval in the UK.
- St. Galler Kantonalbank and SEBA Bank allow select clients to trade and custody bitcoin (BTC) and ether (ETH) in Switzerland.
Several large companies are facilitating the way in which investors can get involved in the cryptocurrency market. Coinbase Financial Markets, Inc. (CFM), PayPal and Swiss cantonal bank St. Galler Kantonalbank are leading the initiative to make digital assets accessible to more people.
Coinbase makes investing in crypto futures easy for all US investors
In August, CFM gained approval from the federal government to offer regulated crypto futures trading to US Coinbase Advanced customers.
Now, Coinbase Advanced users in the US can trade leveraged crypto futures contracts through CFM, giving investors a versatile way to manage the risk of their underlying crypto assets.
Futures allow not only long and short positions but also the option to trade with leverage, allowing investors to enter the cryptocurrency market with a lower initial investment.
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To make investing in futures even more affordable, CFM has introduced nano-sized futures contracts, equivalent to 1/100 of Bitcoin and 1/10 of Ethereum. These contracts not only reduce initial capital requirements, but also offer a cost-effective investment option for a broader range of retail customers.
Additionally, Coinbase Learn provides a library of educational content that breaks down everything from the basics to the benefits and risks of crypto futures, ensuring investors are well-informed when trading.
To start trading crypto futures on CFM, US investors can apply for trading via advanced coinbase.
PayPal opens its doors to the crypto market in the United Kingdom
In another corner of the financial world, PayPal has obtained approval from the United Kingdom’s Financial Conduct Authority (FCA) to offer crypto services in the country.
From this month, PayPal can carry out certain activities related to crypto assets with permission from the FCA. Despite some restrictions, this development represents important progress amid increasing regulation in the cryptocurrency industry.
The UK FCA has proposed integrating crypto activities into financial services regulation, meaning that all cryptocurrency-related companies will need authorization from the FCA to operate in the country.
Additionally, the UK parliament has passed a bill allowing law enforcement to seize cryptocurrency assets linked to criminal activities.
St. Galler Kantonalbank and SEBA Bank open the doors to the crypto world in Switzerland
In Switzerland, St. Galler Kantonalbank launches digital asset brokerage and custody services in partnership with SEBA Bank.
This Swiss cantonal bank now offers a select group of clients the possibility to trade and custody bitcoins (BTC) and ether (ETH).
The partnership with SEBA Bank allows St. Galler Kantonalbank to integrate cryptocurrencies into its clients’ existing investment portfolios.
Conclusion
These announcements reflect the growing acceptance and adoption of cryptocurrencies in the global financial industry and represent a change in the way investors access and manage their digital assets.
With these investment opportunities, investors now have more options than ever to diversify their portfolios and participate in the cryptocurrency sector.
With clearer regulations and more accessible services, investors are better positioned than ever to explore the opportunities that digital assets offer.