Saxo Markets to Roll out Crypto Forex

Fazzaco learned that Saxo Markets, a wholly owned subsidiary of Saxo Bank, has announced its roll-out of crypto Forex paired with bitcoin, litecoin and more. The company said that due to regulations in certain regions, the service will be available in the regions where it is active, such Australia and Singapore.

Fazzaco recently reported that Saxo Bank is introducing a new theme basket focusing on crypto and blockchain companies. This basket offers exposure to investors who want to trade cryptocurrencies but do not want to own physical cryptocurrencies.

Saxo explains that, with the listing of Coinbase the size a matureness of the crypto industry has finally reached a level where Saxo Bank can introduce a crypto and blockchain theme basket. The basket is their smallest to date consisting of only 18 companies across segments such as trading exchange, crypto services, crypto mining, investment holdings, blockchain applications, and crypto mining equipment.

Additionally, Saxo Bank has published its client trading volumes in March 2021​, showing an increase across all metrics.

​Saxo Capital Markets is for the advanced trader. It offers a broad variety of brokerage services geared towards sophisticated active traders, investors, professionals, and institutions. Smaller account holders will encounter a number of unusual obstacles that include higher account minimums, a variety of fees, and fewer customer support options. Tiered accounts lower trading costs and add benefits as equity grows, but the majority of retail traders will have a tough time reaching the higher customer tiers which, for U.K. based accounts, start at £200,000 (Platinum) and £1,000,000 (VIP).