Using Binaryx Companies Can Diversify their Portfolio Without the Challenges of Buying and Safekeeping Digital Assets Directly
Binaryx, European digital asset exchange, launches a new service, offering businesses indirect exposure to Bitcoin and other digital assets. Investing in a number of popular cryptocurrencies via Binaryx could be safer and easier for companies than holding the digital currency directly.
‘Many businesses aim to hold cryptocurrencies to hedge risks, and we strive to create flawless services and conditions to help them allocate their funds in different assets to lower risks and achieve greater liquidity.’ – comments Oleg Kurchenko, founder and CEO of Binaryx.
Binaryx offers custody accounts, allowing clients to securely acquire and hold and withdraw crypto and digital assets. To buy or sell large volumes of Bitcoins or other cryptocurrencies, Binaryx offers OTC trading services to avoid unfavorable price movements.
Many businesses view the recent interest in Bitcoin shown by public companies as a sign to follow the trend. Large public companies like MicroStrategy, Galaxy Digital, Goldman Sachs, started to diversify their portfolios with digital assets in August 2020. According to CoinGecko, public companies currently hold over 193k of Bitcoin (equivalent $6,5 billions), which is 5% of all Bitcoin, and this amount grows exponentially. In addition, 3% of all Bitcoins in circulation belongs to Grayscale, a well-established authority in cryptocurrency asset management, which holds crypto assets for other businesses.
Taking into account the growing trend, Binaryx opens the opportunity for the European companies to consider the idea of holding Bitcoin and other cryptocurrencies.
Binaryx is a digital asset exchange that enables buying, exchanging, and storing cryptocurrencies and other digital assets. With offices in Estonia and Ukraine, Binaryx builds a new generation financial ecosystem with asset tokenization in the center of its focus.
The company was established in 2019. Binaryx is licensed to conduct trading operations and is operated by BinaryxOÜ, a company registered in Estonia under registry code 14819844, licensed by Politseija Piirivalveamet.