New Brokerage Platform Enters the Space
By Jamie Green – Crypto Broker
In January of this year, Netherlands-based retail brokerage BUX acquired cryptocurrency investment platform Blockport, as reported through CryptoPotato. Upon the acquisition, the company decided to rebrand as BUX crypto and integrate under the same branding. On the 8th of April, it officially announced the launch of its cryptocurrency investment platform and investors can now buy and sell crypto using Euros.
The major focus of the company is to cater to the young investors within Europe who want to start crypto trading and get involved with buying and selling cryptocurrency. It is a commission-free trading platform for digital currencies and BUX are running a special launching promotion too. The first five thousand fully onboarded users gain the option to trade with zero commission whilst earning BUX tokens. After this promotion has ended, all users are offed commission-free trading providing they hold at least 2,500 BUX tokens.
Currently, the platform supports the trading of Bitcoin (BTC), XRP, Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC) and their own BUX token with further assets to be added in the future. This is a far smaller line up compared to our extensive list of supported assets on BC Bitcoin. Once BUX crypto registers with the Dutch Central Bank as a cryptocurrency services provider, it will begin building trust as a place to buy Ethereum, Bitcoin, XRP as well as others.
The platform is available to 25 European countries and BUX has chosen to focus on younger investors with their product due to a rising demand. BUX hopes these young investors will make a Bitcoin investment and perhaps continue to use their platform for their trading.
If you are looking to buy and sell Bitcoin in GBP or EUR, then head on over to our platform, the most trusted Bitcoin broker in the UK.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards