Digital Asset Exchange Binaryx offers companies to put Bitcoin on their balance sheets

[ad_1]

Using Binaryx Companies can diversify their portfolio without the challenges of directly buying and holding digital assets

TALLINN, ESTONIA / ACCESSWIRE / July 15, 2021 / Binaryx, the European digital asset exchange, is launching a new service, giving companies indirect exposure to Bitcoin and other digital assets. Investing in a number of popular cryptocurrencies through Binaryx could be safer and easier for businesses than directly holding digital currency.

“Many companies aim to hold cryptocurrencies to hedge risk, and we strive to create flawless services and conditions to help them allocate their funds in different assets to reduce risk and achieve more high liquidity. ” – comments Oleg Kurchenko, founder and CEO of Binaryx.

Binaryx offers deposit accounts, allowing clients to securely acquire, 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 companies see the recent interest in Bitcoin shown by state-owned companies as a sign to follow the trend. Large state-owned companies like MicroStrategy, Galaxy Digital, Goldman Sachs, started diversifying their portfolios with digital assets in August 2020. According to CoinGecko, state-owned companies currently hold over 193k of Bitcoin (equivalent to $ 6.5 billion) , or 5% of all Bitcoin, and that amount is increasing exponentially. Additionally, 3% of all Bitcoin in circulation is owned by Grayscale, a well-established authority in cryptocurrency asset management, which holds crypto assets for other companies.

Given the growing trend, Binaryx opens up the possibility for European companies to consider the idea of ​​holding Bitcoin and other cryptocurrencies.

About Binaryx

Binaryx is a digital asset exchange that allows you to buy, trade, and store cryptocurrencies and other digital assets. With offices in Estonia and Ukraine, Binaryx is building a new generation financial ecosystem with the tokenization of assets at the center of its concerns.

The story continues

The company was established in 2019. Binaryx is licensed to conduct business operations and is operated by BinaryxO, a company registered in Estonia with registration code 14819844, authorized by Politseija Piirivalveamet.

Media contact

Company: BinaryxContact: Media TeamE-mail: [email protected]: https://www.binaryx.com/Facebook: https://www.facebook.com/binaryx.exchange/Twitter: https: // twitter. com / binaryx_fr

SOURCE: Binaryx

See the source version on accesswire.com: https://www.accesswire.com/655702/Digital-Asset-Exchange-Binaryx-Offers-Businesses-to-Put-Bitcoin-on-Their-Balance-Sheet

[ad_2]