Large Estonian Bank LHV offers cryptocurrency trade via Bitstamp - Finance
Large Estonian Bank LHV offers cryptocurrency trade via Bitstamp - Finance
One of the largest banks in Estonia, LHV, now offers the trade in cryptocurrencies directly from your app via the Bitstamp crypto tour. The bank says it is the "first bank in the Baltic States, which begins to offer crypto trading".
Great Estonian bank now offers crypto trading
lhv announced this week that "she is the first bank in Estonia, which offers its customers the opportunity to act with crypto-assets".
From Monday, LZV customers can act important crypto-assets directly via their mobile app. Transactions are carried out on the cryptocurrency exchange Bitstamp. Customers' crypto assets are kept on the Bitgo platform, which is part of the Galaxy Digital Group listed on the Toronto Stock Exchange Exchange Exchange Exchange.
The bank started to experiment with blockchain technology in 2015. Since then "we have been waiting for the regulatory environment to develop, the market organizes itself and professional market participants are being created," said the bank.
Madis Toomsalu, CEO of the LHV Group, commented: "Crypto-assets are now a large field both in terms of market value and sales based on decentralized financial services." Toomsalu stated:
We will be the first bank in the Baltic States that our customers offer crypto trade-as a first step you can buy and sell crypto-assets via the mobile LHV app.
Martin Mets, Head of Investment Services in Retail Banking at LHV, said: "In view of the increasingly sophisticated level of development of crypto-assets and its rapidly growing popularity as a new investment class, we are ready to add this investment class to the offered product range for LHV bank customers." LHV added: "This is clearly a very volatile and risky investment class, but crypto-assets can play an important role in the portfolio for a risk-conscious customer."
First of all, customers can now buy and sell eight selected large cryptocurrencies at market prices: Bitcoin ( btc ), ether ( eth ), litecoin ( ltc ), uniswap (uni), chain member (link), star lumen ( xlm ), polygon (matic) and aave (aave).
Mets detailed:
In the near future, we plan to add new instruments, order types and other solutions for more comfortable trade.
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