Beginning today, BUX will be introducing cryptocurrencies and fractional trading to flagship investing app, BUX Zero, in a phased rollout to clients in Ireland, The Netherlands, Belgium, Spain. The addition of cryptocurrencies and fractional trading now allows investors to access a 360-degree solution for building a diversified portfolio which also includes shares and ETFs.
Along with cryptocurrencies, Bux is committed to lowering the barriers of entry for those who are looking to build wealth in an affordable, accessible way. For consumers with smaller amounts to invest, big companies with share prices in the thousands have long been out of reach. Fractional investing now allows these clients to buy a fraction of these shares, allowing them to further diversify their portfolios and build wealth for the future.
Speaking on the launch of fractional investing and cryptocurrencies in Ireland. Yorick Naeff, CEO of BUX comments;
“At BUX, our mission has always been to make investing both accessible and affordable. Today, we are making it even more affordable for European’s to benefit from investing, not just the wealthy. With the launch of fractional investing younger generations can now build a diversified investment portfolio with fractions of stocks from some of the biggest names in global tech, retail and auto.
Adding “cryptocurrencies are here to stay and we believe that in order for investors to build balanced portfolios, we need to be able to offer a selection of assets that are valuable for all of our clients. Bitcoin and cryptocurrencies offer innovative solutions that may prove to become a new way of hedging against a global economic crisis as well as disrupting old economic models that no longer serve the modern investor.”
This move sees the democratisation of the investment industry and traditional brokers, making investing accessible to all with Bux launching in Ireland in June 2021.
Available in the Apple and Google App Store, the investing app allows individuals to directly invest in any of the over 2,000 stocks available on BUX Zero. Users can open a free account in minutes, deposit or withdraw money for free at any time, search for specific assets and create lists of their favourite stocks, and access investment plans, jargon-free news, and educational content to help them make better decisions backed by solid financial knowledge.
BUX Zero clients will be able to invest in over 20 cryptocurrencies such as Bitcoin, Ethereum and Litecoin.
Starting today, BUX customers can invest in 100 of the most popular US stocks. In the future, fractional investing in ETFs and European stocks will also be possible in the BUX Zero app.