Saxo Markets, a subsidiary of Saxo Bank that invests in digital assets, has launched a service that allows its users to trade cryptocurrencies for fiat money, CoinDesk has reported.
According to the publication, from now on, Saxo Markets clients can trade Bitcoin, Ether and Litecoin.
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At the moment the option is only available to clients in Singapore and Australia, however, the bank plans to offer the service in other countries in the coming weeks. Private clients can trade on margin, while accredited investors can use leverage.
Goldman Sachs was the first major US investment bank to launch crypto trading. The bank's crypto division has already launched two types of Bitcoin-related derivatives.