Saxo Markets launches Crypto FX trading for Bitcoin, Ethereum and Litecoin

  • Globally, Saxo is one of the first to offer seamless trading in major cryptocurrencies as FX spot pairs
  • In Singapore, Bitcoin, Ethereum and Litecoin can be traded against EUR, USD, and JPY from a single margin account
  • The new offering provides clients reliable, regulated, and transparent access to diversification and hedging in the most popular cryptocurrencies

SINGAPORE, 19 May 2021 – Saxo Markets, the online trading and investment specialist, has launched a new cryptocurrency offering enabling clients to trade Bitcoin, Ethereum and Litecoin against EUR, USD, and JPY from a single margin account. 

The new Crypto FX offering complements Saxo’s existing range of over 30 different cryptocurrency trackers and ETNs, which so far this year have seen trading volumes exceeding the entire turnover for the whole of 2020 – a year in which volumes surged 130%.

Clients in selected markets can trade Crypto FX pairs during the usual FX trading hours. Clients can trade and hedge both long and short exposure in the three major cryptocurrencies, which will be in the form of derivatives and not the physical coins. Due to the volatile nature of the instruments, retail clients can trade on 60% margin, and 40% or 50% margin for Accredited Investors. 

Adam Reynolds, Asia Pacific CEO, Saxo Markets, comments: 

“Saxo’s Crypto FX offering is more reliable, accessible and secure compared to many other competing offerings, and we are excited to be one of the first to offer this to clients in Singapore. As the market has matured to make crypto a product that is here to stay, Saxo is well-positioned to enable clients to trade it in a prudent way, as we are a regulated and licensed provider with a reliable platform and mature technology, as well as funding security. 

Pairing it with FX makes it more appealing to investors who are more active in the market as it offers a trusted and secure way to trade cryptos. While buying a whole bitcoin can be a rather large exposure for the average retail investor, trading via ETNs for example lets more investors access this product in a way that works for their portfolio and makes the most of its volatility. It’s also fundamentally less risky than using cryptocurrency wallets where access can, and has, been lost to dramatic effect.”

Stanislav Kostyukhin, Commercial Owner – Trader segment, Saxo Markets, comments:

“Saxo has developed a unique proposition which gives our clients access to the growing crypto space in a flexible, secure and hassle-free manner from a single fully-licensed account without the need to use wallets or cold storage solutions. The offering sits at the intersection of traditional finance and crypto, which is where we see the market evolving as it draws the attention of retail traders and financial institutions.  

“We set out to deliver a product which offers the security and ease of use associated with more mature asset classes, coupled with the volatility and dynamics of Bitcoin, Ethereum, and Litecoin – giving clients the opportunity to trade both long and short in the thriving crypto market. Saxo’s Crypto FX achieves this by building on 30 years’ experience as a leading firm in trading and investing, combining the traditional qualities of a currency pair alongside the exciting possibilities of a cryptocurrency.”


You can read more about Saxo’s new crypto offering here: https://www.home.saxo/en-sg/products/crypto

Yvette Lim
Head of PR APAC and Strategic Communications
Saxo Bank

+45 31 39 45 04 (DK)
yvel@saxobank.com 

Saxo Markets is a licensed subsidiary of Saxo Bank, a leading Fintech specialist that connects people to investment opportunities in global capital markets. Saxo Markets has operated in Singapore since 2006 and serves as the APAC headquarters. As a provider of multi-asset trading and investment, Saxo’s vision is to enable people to fulfil their financial aspirations and make an impact. 

Founded in Copenhagen in 1992, Saxo was one of the first financial institutions to develop online trading platforms that offer everyday investors  the same tools and market access as professional traders, large institutions, and fund managers. As the most innovative and best choice for clients, Saxo offers broad access to global capital markets across asset classes, where they can trade more than 40,000 instruments in over 20 languages from one single margin account. The Saxo Bank Group also powers more than 120 financial institutions as partners by boosting the investment experience they can offer their clients via our open banking technology. Whether it’s through their investments or the outcome of their investments, Saxo gives clients and partners the tools, platforms and knowledge to make an impact.

The Saxo Bank Group holds four banking licenses and is well regulated globally. With client assets totaling more than 45 billion Euros, Saxo is a global company with local presence, employing more than 2,100 people in financial centres across the world, including London, Singapore, Amsterdam, Zurich, Dubai, Shanghai, Hong Kong and Tokyo.

For more information, please visit: www.home.saxo/en-sg/.

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