Exante Supports Six More Cryptocurrencies – Adds Them To Its Bitcoin And XAI Funds
Exante, a financial and tech multi-regulated brokerage firm operating across Europe and Asia, has now added six more coins to its Bitcoin and XAI funds. The Malta-based company added the digital assets, which include Binance Coin, Decred, Qtum, Maker, Ox, and Revencoin to the list of cryptos it supports.
The decision to support the six cryptocurrencies, even though most of them are yet to match the popularity similar to that of the leading coins is a testament to what Exante is committed to. This firm rolled out its Bitcoin-only hedge fund, then through EXANTE crypto funds, in 2013, but has tremendously grown to its current state.
One could buy Bitcoin as well as any of the 15 popular altcoins through the fund, after paying an initial minimum subscription fee of $100,000. It was mandatory for a person to pay 0.5% of the cost to cater for subscriptions and redemption at a rate of 1 BTC Fund share for 1 BTC. Additionally, one had to pay a commission of 1.75% of the annual fee (in BTC), with the payment going straight to ensuring the safety of the private keys was guaranteed.
Later in 2017, this next generation investment firm introduced XAI, a dedicated Altcoin index through which clients could monitor and predict the price patterns of several popular coins. This speculation tool gave birth to the XAI Fund; a fund secured by all the digital currencies listed in the index, except Bitcoin.
Its Operations In Europe And Asia Are Fully Regulated
For this brokerage company, supporting the six digital currencies at this time isn’t a surprise. It is the only one to offer cryptocurrencies since 2012, having joined the cryptocurrency craze when all the rest were still skeptical about it. Exante waded into the world of the cryptocurrency-oriented brokerage where it mostly dealt with specific coins only.
According to a report on Exante by Finance Magnates, this company’s $10 million new venture capital fund titled ‘Exantech’ announced the arrival of Exante in the global space. The investment was going to the cryptocurrency miner, Comino.
Exante, however, operates legally under the Malta Financial Services Authority – (MFSA). The Cyprus Securities and Exchange Commission also regulates it – (CySEC). With over 300 employees and ten offices across Europe and Asia, its growth couldn’t have been more vigorous.
In the UK, its operations fall under the watchful eye of the Financial Conduct Authority (FCA), the government body which regulates its services. Across the EU, this regulated investment company operates under the jurisdiction of MiFID. It also works in compliance with all the standards set by the authorities it operates under.