Exante Adds Six Cryptocurrencies to Bitcoin and XAI Funds

Multi-regulated brokerage Exante has expanded its range of Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term incorporated into its Bitcoin and XAI funds and will now add support for six new coins, including Binance Coin (BNB), Decred (DCR), Qtum (QTUM), Maker (MKR), Ravencoin (RVN) and 0x (ZRX).

The Malta-based broker debuted its Bitcoin-only hedge fund back in 2013. At the time, cryptocurrency trading was carried out through EXANTE crypto funds, which allow buying bitcoin and 15 popular altcoins. Exante offered the Bitcoin Fund with an initial minimum subscription of $100,000 and a 0.5% fee for subscriptions and redemptions (1 Bitcoin Fund share = 1 bitcoin). There's also a commission of a 1.75 percent annual fee (payable in bitcoin to preserve the ratio) for managing the security necessary to safeguard the private keys.

Also in 2017, Exante launched a dedicated altcoin index, XAI, which allows clients to speculate on prices of popular alternative cryptocurrencies. XAI Fund is secured by the real cryptocurrencies included in the index, and it did not include Bitcoin into the list to make the offering more diversified.

Regulated activities

EXANTE has been one of the few brokers that jumped on the cryptocurrency bandwagon from the very beginning. The company started the Bitcoin fund six years ago, which allowed trading that specific cryptocurrency, then added more popular altcoins such as Litecoin, Ethereum, Monero, Zcash, and Ripple.

Finance Magnates also reported on Exante last year when its new venture capital fund ‘Exantech’ announced its first investment – $10 million in cryptocurrency miner Comino.

EXANTE is regulated by the Malta Financial Services Authority (MFSA) and the Cyprus Securities and Exchange Commission (CySEC CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision Read this Term). The brokerage is also authorized to provide services in the United Kingdom by the Financial Conduct Authority (FCA).

As an EU-regulated investment firm, EXANTE falls under the MiFID’s jurisdiction and thus operates in compliance with the international standards the relevant authorities have set.