Merry Christmas (Eve)! For this special episode of Unchained, three other crypto journalists and I discuss their favorite stories from the past twelve months, how they would grade crypto journalism in 2021, and what they are looking forward to covering in 2022. Show highlights:
what stories Michael, Michael, Jeff, and I will remember from a ~busy~ 2021
why 2021 is “clearly the biggest year” yet for the industry
how CoinDesk, Forbes, and Decrypt can improve their news coverage in 2022
what Michael, Michael, Jeff, and I think about all the negative energy directed at journalists from the crypto and tech space
how mainstream media can do a better job covering crypto
predictions for what the biggest stories of 2022 will be
By Brett Tejpaul, Head of Institutional Sales, Trading and Prime
Our goal is to be the trusted bridge to the cryptoeconomy for all institutions, to fuel widespread adoption of crypto, and ultimately to increase global economic freedom. Coinbase Prime, an integrated solution that provides secure custody, an advanced trading platform, prime services and market data, has become a first choice for sophisticated investors and institutions that want to start investing in digital assets.
Coinbase Prime and Enfusion are connecting to offer cryptocurrency trading to financial institutions and investment managers. By providing straight-through processing to Coinbase Prime via APIs Enfusion is providing its clients institutional access to digital asset custody and algorithmic trading, with the potential to further our relationship in the future.
“Enfusion’s connectivity with Coinbase Prime will allow us to seamlessly manage our crypto positions alongside other assets from a single interface, streamlining our trading operations. We’re very excited to see two platforms we rely on every day team up to continue improving how institutions access the crypto markets,’ said Eric Peters, CEO and CIO of One River, a leading asset management firm.
We’re excited to connect to our first OEMS Enfusion, as their native multi-asset management system is a natural first choice to collaborate with on a joint institutional offering. We expect financial institutions to continue to increase their portfolio exposure to crypto, and we’re committed to offering the best tools to enable them to manage it efficiently.
The integrations between both platforms are expected to be completed in Q2 2022. To learn more about Coinbase Prime click here.
Coinbase Prime and Enfusion team up to bring seamless crypto trading to institutional investors was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
Another decentralized finance (DeFi) platform has fallen victim to a cyberattack, this time its Grim Finance. On Sunday, the Yield compounding tool was siphoned off $30 million worth of fantom tokens, the platform officially confirmed.
“The attackers’ address has been identified with over 30 million dollars worth of theft here,” Grim Finance developers tweeted on Sunday morning. “The exploit was found in the vault contract so all of the vaults and deposited funds are currently at risk.”
Hello Grim Community,
It is with heavy hearts that we inform you that our platform was exploited today by an external attacker roughly 6 hours ago. The attackers address has been identified with over 30 million dollars worth of theft here https://t.co/qA3iBTSepb
The developers detailed that the attack was an advanced one as the attacker exploited Grim’s vault strategy by entering a malicious token contract. It used five reentrancy loops to fake five deposits while the platform was still processing the first deposit.
As a measure of safety, the developers have paused all of the vaults to prevent any future funds from being placed at risk and also urged users to ‘IMMEDIATELY’ withdraw all funds.
“The exploit was found in the vault contract so all of the vaults and deposited funds are currently at risk,” the developers detailed.
They have also contacted and notified USD Coin issuer Circle, AnySwap, and Maker to block the hackers’ addresses and freeze the funds.
DeFi evolved from blockchain as the true challenger of the existing banking industry, but remains vulnerable to cyber-attacks. Most recently Vulcan Forged, which is a crypto gaming ecosystem, lost $140 million that already refunded most of the victims. Another platform Cream Finance suffered three attacks within months, losing more than $192 million worth of cryptocurrencies.
Melbourne, Australia, December 17th, 2021 — Community-focused platform MRHB DeFi has received an investment from Australian Gulf Capital, a global investment management company, as part of the strategic venture round of the world’s first inclusive and ethical DeFi ecosystem platform.
The funding from Australian Gulf (AG) Capital is not the first from the region, with the Islamic DeFi pioneer having received investments from institutions such as Blockchain Australia and other Aussie angel investors. The AG Capital investment presents further opportunity to expand MRHB DeFi’s presence and growth in this key market.
“We are pleased to have an early-stage opportunity to support first-mover Marhaba in the development of their high-growth, disruptive venture in ethical and halal DeFi,” commented CEO and founder of AG Capital, Salman Masaud. “Our investments are typically focused on a company’s early funding stages when the product is nascent and the upside potential is the greatest. We expect to support the project by bringing our legal, consulting and investment banking expertise to assist the Marhaba team in launching their socially impactful vision.”
The Australian PE/VC funds management company is also currently in the process of establishing a license under ADGM in the UAE, a key growth hub for MRHB DeFi, having recently signed a partnership with local partner Masary Capital to provide halal crypto solutions to the retail and institutional sectors in the UAE.
“Australia Gulf Capital’s ethos of actively supporting startups who align with their ambitious growth vision makes them a strong partner for us,” said MRHB DeFi CEO Naquib Mohammed. “As we continue on our journey of building the world’s first ethical DeFi platform, it is this shared vision and support from amongst our family of investors and partners that will help transform our dream into reality.”
MRHB DeFi: An Islamic Finance DeFi Pioneer
MRHB DeFi was created to bridge a perceived gap — by providing excluded and crypto-cautious communities greater access to the growing opportunities and utilities of the cryptosphere. The project is underpinned by faith-based DeFi offerings which adhere to the ethical investment and financing principles rooted in Islamic Finance. Many values upheld by the halal platform also align with the United Nations Sustainable Development Goals. Business practices deemed ethical include those that avoid interest, usury, social exploitation as well as support sustainability, asset or utility backed financing, transparency and equitable risk-reward sharing. These principles have universal appeal far beyond the faith conscious community.
With the Islamic Finance market sized at around USD 3 trillion of assets, bringing even a small portion of Shariah-sensitive liquidity into DeFi will represent a major boost to the total value of the DeFi sector worldwide.
About MRHB DeFi
MRHB DeFi is a halal, decentralized finance platform built to embody the true spirit of an “Ethical and Inclusive DeFi” by following faith-based financial and business principles, where all excluded communities can benefit from the full empowerment potential of DeFi.
The diverse team comprises researchers, technocrats, influencers, Islamic fintech experts & business entrepreneurs, who came together to ensure that MRHB DeFi prevails in a manner that will impact society as a whole, essentially bridging the gap between the faith-conscious communities and the blockchain world.
Australian Gulf Capital is a prominent global investment management company specializing in alternative investments and providing innovative world-class products and services. AG’s substantial and diversified investor base includes corporations, financial institutions, sovereign wealth funds, superannuation/pension funds, insurance companies, qualified high-net-worth investors, and family offices.
Australian Gulf Capital’s business activities are distinguished by exceptional vigor and a profound understanding of clients’ needs and risk profiles. They have become the company of choice because of their insightful approach to creating partnerships with clients for sourcing and investing in attractive investment opportunities. Australian Gulf Capital employs high-caliber teams with diverse expertise and extensive experience.
The Russian central bank wants to ban investments in cryptocurrencies in Russia, citing the growing number of crypto transactions as a threat to financial stability.
Russia Mulls Over Crypto Ban
Russia’s central bank is attempting to outlaw cryptocurrency investments, escalating the country’s long-standing distrust of Bitcoin and other digital assets. Future transactions would be prohibited, but present holders would not be forced to sell their holdings.
Cryptocurrencies, according to Russian authorities, can be used for money laundering and terrorism financing. According to Reuters, the bank’s current stance on cryptocurrency is a “complete rejection.”
Although it is still illegal in Russia to undertake cryptocurrency transactions, a new amendment has made it permissible to invest in and buy cryptocurrencies through exchanges.
Any such limitations might stifle Russia’s current retail investment boom, which has seen 15 million Russians create brokerage accounts in the last few years, according to Central Bank estimates.
The regulator has already acted quickly to restrict access to other types of risky investment products, anticipating that Russia’s low financial literacy and strong broker marketing might lead to consumers being lured into high-risk investments. If they want to invest in items like options and derivatives, retail investors must must complete a series of examinations.
Elvira Nabiullina, the governor of the Central Bank of Russia, increased the fear, uncertainty, and doubt (FUD) around the country’s current state of crypto regulation in a Friday press conference. When asked about the rise of digital assets, Nabiullina said the following, according to finmarket.ru, a local news outlet:
“You know that our attitude towards cryptocurrencies is of, to put it mildly, skepticism. Related to this are the significant risks for retail investors and the substantial volatility for this type of asset. In addition, cryptocurrencies are opaque in that they are frequently used for illegal operations or criminal nature. Therefore, we cannot welcome investments in them. We seek to prevent the Russian financial infrastructure from using crypto transactions. This is quite doable.”
Related article | Russia Plans To Impound Unlawfully Acquired Cryptocurrencies
Illegal Miners To Be Jailed
Andrey Lugovoy, a member of parliament’s lower house, the State Duma, has threatened miners with jail if they connect their equipment to the power grid without permission.
Lugovoy disclosed in November that his nationalist party, the Liberal Democratic Party of Russia, is preparing to introduce a draft law to govern crypto mining. According to the congressman, the approval of the legislation will help Russian nationals, the state, and entrepreneurs who wish to legitimately engage in business.
He has now added, in an interview with the Russian online news outlet Lenta.ru, that mining regulation makes sense. Aside from charging mining businesses varying power prices, the deputy believes their profits should be taxed after deducting the cost of the energy consumed and other expenses such as labor. Lugovoy accused miners of avoiding paying taxes by using subsidized, low-cost electricity.
BTC crashes to $46k | Source: BTCUSD on TradingView.com
Related article | Held Accountable: Russia Wants Bitcoin Investors Jailed For Non-Compliance
Featured image from Pixabay, chart from TradingView
Leading independent investment fund led by Kraken Alumni, Kraken Ventures today announced that it has secured $65 million for an early-stage fund to invest in companies working in the global crypto and financial technology (Fintech) ecosystem.
Kraken acted as the anchor LP in the latest funding. Additionally, the fund witnessed investment from a wide range of international institutional investors. Kraken Ventures aims to boost innovation in the crypto ecosystem through the support of emerging companies.
The fund focuses on areas including financial infrastructure, Web3, decentralized finance (Defi), consumer crypto protocols as well as enabling technologies, such as AI and Machine Learning. According to the details shared by Kraken Ventures, it has made several investments in some of the leading crypto companies including Anchorage and Messari.
“We’re extremely pleased to have successfully closed our first fund,” said Brandon Gath, Managing Partner of Kraken Ventures. “Our long-term view on investing, and the possibility to leverage Kraken’s experience in building a truly global, scalable platform, definitely contributed to the overwhelming interest we received from investors. Our focus now is to put that money to work and help some of the most innovative projects and their exceptionally talented founders accelerate the development of their companies and protocols.”
Headquartered in Texas, Kraken Ventures has team members in London and New York. The fund makes initial investments in the range of $500K and $2 million. According to the company, its investment strategy is based on the long-term horizon.
Appointment of Laurens De Poorter
To expand its presence in Europe, Kraken Ventures recently announced the appointment of Laurens De Poorter as Head of Europe. The newly appointed Head of Europe will be based in London. “The European crypto scene is booming. Deal count doubled in the last two years and continues to accelerate,” said Laurens De Poorter.
Leading independent investment fund led by Kraken Alumni, Kraken Ventures today announced that it has secured $65 million for an early-stage fund to invest in companies working in the global crypto and financial technology (Fintech) ecosystem.
Kraken acted as the anchor LP in the latest funding. Additionally, the fund witnessed investment from a wide range of international institutional investors. Kraken Ventures aims to boost innovation in the crypto ecosystem through the support of emerging companies.
The fund focuses on areas including financial infrastructure, Web3, decentralized finance (Defi), consumer crypto protocols as well as enabling technologies, such as AI and Machine Learning. According to the details shared by Kraken Ventures, it has made several investments in some of the leading crypto companies including Anchorage and Messari.
“We’re extremely pleased to have successfully closed our first fund,” said Brandon Gath, Managing Partner of Kraken Ventures. “Our long-term view on investing, and the possibility to leverage Kraken’s experience in building a truly global, scalable platform, definitely contributed to the overwhelming interest we received from investors. Our focus now is to put that money to work and help some of the most innovative projects and their exceptionally talented founders accelerate the development of their companies and protocols.”
Headquartered in Texas, Kraken Ventures has team members in London and New York. The fund makes initial investments in the range of $500K and $2 million. According to the company, its investment strategy is based on the long-term horizon.
Appointment of Laurens De Poorter
To expand its presence in Europe, Kraken Ventures recently announced the appointment of Laurens De Poorter as Head of Europe. The newly appointed Head of Europe will be based in London. “The European crypto scene is booming. Deal count doubled in the last two years and continues to accelerate,” said Laurens De Poorter.
The crypto payment solutions platform, Ramp recently secured $53 million in the Series A funding round to expand its product development. While the demand for crypto assets has increased during the last few months, payments companies have ramped up their efforts to introduce innovative solutions for a seamless crypto payment experience.
Ramp outlined the importance of regulation in the global financial sector. In addition to approval from the Financial Conduct Authority in the UK, Ramp received approval from the Financial Crimes Enforcement Network (FinCEN) in the United States.
According to the company, the latest financing will help the expansion of its presence. The Series A funding round was led by Balderton Capital along with participation from existing investors NFX, Galaxy Digital, Seedcamp and Firstminute Capital. Moreover, angel investors Taavet Hinrikus (Wise) and Francesco Simonesci (TrueLayer) joined the round.
“Just six months after closing our Seed round, we’re thrilled to announce we’ve raised $52.7 million [in a] Series A round, led by Balderton Capital. Four years ago, we set out to build a payments infrastructure application to simplify the exchange of value on public blockchains. During that time, we’ve launched and expanded our on-ramping products and have built an incredible community of partners, investors and customers,” Szymon Sypniewicz, the CEO of Ramp Network, commented.
“Today, Ramp is a partner to more than 400 developers, including Mozilla, Browser, Dapper Labs (the company behind NBA Top Shot) and top crypto and Defi apps like Aave, Argent, Trust Wallet and Zerion, as well as wildly popular games, Sorare and Axie Infinity,” Sypniewicz added.
Crypto Startups
Emerging crypto companies around the world have raised substantial funding in the last quarter. Earlier this week, the crypto firm, Anchorage secured $350 million in funding at a valuation of $3 billion. Recently, the Bitcoin company, NYDIG topped the valuation of $7 billion after a raise of almost $1 billion.
The crypto payment solutions platform, Ramp recently secured $53 million in the Series A funding round to expand its product development. While the demand for crypto assets has increased during the last few months, payments companies have ramped up their efforts to introduce innovative solutions for a seamless crypto payment experience.
Ramp outlined the importance of regulation in the global financial sector. In addition to approval from the Financial Conduct Authority in the UK, Ramp received approval from the Financial Crimes Enforcement Network (FinCEN) in the United States.
According to the company, the latest financing will help the expansion of its presence. The Series A funding round was led by Balderton Capital along with participation from existing investors NFX, Galaxy Digital, Seedcamp and Firstminute Capital. Moreover, angel investors Taavet Hinrikus (Wise) and Francesco Simonesci (TrueLayer) joined the round.
“Just six months after closing our Seed round, we’re thrilled to announce we’ve raised $52.7 million [in a] Series A round, led by Balderton Capital. Four years ago, we set out to build a payments infrastructure application to simplify the exchange of value on public blockchains. During that time, we’ve launched and expanded our on-ramping products and have built an incredible community of partners, investors and customers,” Szymon Sypniewicz, the CEO of Ramp Network, commented.
“Today, Ramp is a partner to more than 400 developers, including Mozilla, Browser, Dapper Labs (the company behind NBA Top Shot) and top crypto and Defi apps like Aave, Argent, Trust Wallet and Zerion, as well as wildly popular games, Sorare and Axie Infinity,” Sypniewicz added.
Crypto Startups
Emerging crypto companies around the world have raised substantial funding in the last quarter. Earlier this week, the crypto firm, Anchorage secured $350 million in funding at a valuation of $3 billion. Recently, the Bitcoin company, NYDIG topped the valuation of $7 billion after a raise of almost $1 billion.
Crypto trading platform Voyager Digital has inked a deal with the National Women’s Soccer League, or NWSL, aiming to provide players crypto education and financial support.
In a Tuesday announcement, Voyager said it would become the league’s first cryptocurrency brokerage partner as part of a multi-year deal. The trading platform said a “significant amount” of the investment would fund rostered players’ crypto accounts. There are expected to be 12 teams in the NWSL starting in 2022, so up to 312 players could benefit from the Voyager partnership.
“Voyager’s investment in the league is especially innovative because we’ve collectively designed the partnership to include direct financial resources for every one of our players, as well as education on the revolutionary changes underway in digital assets,” said NWSL interim CEO Marla Messing.
Soccer ball. Source: Pexels
As part of the deal with Voyager, one player from each of the NWSL’s teams will act as an ambassador, attending educational events and creating crypto-related content. The exchange said it would be offering “key lessons and tools” aimed at helping players develop long-term financial growth opportunities after their sports careers had ended.
Many crypto companies and platforms have formed partnerships with sports organizations across the globe as the space expands and seemingly becomes more profitable as a sponsor. Voyager is already the crypto brokerage and international partner for the Dallas Mavericks basketball team following an October deal. Crypto derivatives exchange FTX also announced it had become the official sponsor of Major League Baseball in June.
Related:Crypto.com partners with Italian football’s Lega Serie A
Founded in 2018, Voyager Digital currently offers more than 60 digital assets for trading on its mobile app, which also includes services such as yield farming. In October, the platform announced it had received a $75 million investment from crypto quantitative trading firm and liquidity provider Alameda Research.
Dubai, UAE, December 14th, 2021 — MRHB (Marhaba) DeFi, the world’s first halal and ethical Decentralized Finance (DeFi) platform, is proud to announce their partnership with UAE-based crypto pioneer Masary Capital to bring DeFi opportunities to both retail and institutional clients in the United Arab Emirates and beyond, for the first time in the Islamic Finance space — a market estimated at around USD 3 trillion globally.
The agreement was signed between Masary CEO, Mr. Khalil Abdullah, and MRHB CEO & Founder, Mr. Naquib Mohammed, in Dubai, UAE, a fast emerging global crypto hub for the sector.
MRHB DeFi will be providing an entire ecosystem of eight innovative and shariah-compliant DeFi products for distribution through Masary Capital’s retail platform that provides easy access to crypto payments, investments, services and global remittance facilities. Together, they will encourage maximum UAE participation in the crypto space for those consumers who are focussed on halal services and opportunities.
“Our pioneering crypto platform will provide a seamless path for our businesses, institutions and consumers to participate. Our partnership with MRHB DeFi is aimed atgiving access to the full potential of DeFi to our Islamic customers,” said Masary Capital CEO, Mr. Khalil Abdullah.
Masary Islamic is one of the key product suites of Masary Capital that will be “Powered by MRHB”. Under the leadership of Mr. Khalil, Masary Capital aims to unlock transactional efficiencies of blockchain technology to shape a new financial system that is both highly efficient and productive.
“We are proud that Masary Capital has chosen us to be their preferred DeFi partner,” said MRHB DeFi CEO Naquib Mohammed. “This partnership will drive both retail and crucial institutional growth in the region and support our vision of providing DeFi to over 1 Billion people who find themselves excluded from the cryptosphere due to faith, lack of access and complexity.”
MRHB DeFi has a Shariah Board that vets all tokens and projects before acceptance on their halal-only platform. Users of the platform will have access to an ecosystem of products, including DeFi investments, interest-free financing and blockchain startup launchpads amongst others. All products operate in a completely transparent, decentralized and secure manner while following the ethical principles of Islamic Finance.
An Unprecedented Commitment to Community and Ethics
With a strong first mover advantage, MRHB DeFi has built an active community of more than 70,000 across Twitter, Telegram and more. Approximately 90% of the 1,000 members who participated in MRHB’s two public pre-launch token sales were first-time cryptocurrency investors across the globe — including non-Muslims with a strong interest in a more ethical approach to crypto opportunities.
The MRHB ecosystem avoids business practices, tokens, crypto assets and projects that include any form of gambling, social exploitation, pornography and usury of any kind amongst other prohibitions. Islamic Finance principles in general encourage projects that support asset or utility-backed financing, transparency, sustainability and equitable risk-reward sharing. These principles have universal appeal far beyond the faith-conscious community. The project is also aligned with a number of the Sustainable Development Goals set by the United Nations.
Masary Capital has now joined the host of institutional investors and partners in MRHB DeFi who are on board to bring DeFi innovation to the Islamic finance industry. To date, investors include Sheesha Finance, Blockchain Australia, Mozaic, Contango Digital Assets, NewTribe Capital, Acreditus Partners, EMGS Group, Sinofy Group, Australian Gulf Capital, MKD Capital and a grant from Polygon Technology.
About MRHB DeFi
MRHB DeFi is a halal, decentralized finance platform built to embody the true spirit of an “Ethical and Inclusive DeFi” by following faith-based financial and business principles, where all excluded communities can benefit from the full empowerment potential of DeFi.
The diverse team comprises researchers, technocrats, influencers, Islamic fintech experts & business entrepreneurs, who came together to ensure that MRHB DeFi prevails in a manner that will impact society as a whole, essentially bridging the gap between the faith-conscious communities and the blockchain world.
About Masary Capital
Masary aims to become a pioneer in providing state-of-the-art seamless blockchain and crypto solutions across all channels of customer interaction and to successfully establish the adoption of crypto-related activities, solutions, payment services and infrastructure in the UAE and GCC.
The innovative and diverse team have key strategic partnerships with industry leaders and is poised to offer the region’s first Emirati-owned crypto super-platform, offering solutions that empower users to harness the investment potential of crypto-assets.
BBVA Switzerland, the Swiss division of the Spanish multinational financial services provider BBVA, announced the addition of Ethereum (ETH) to its crypto custody and trading service today. The private banking clients of BBVA Switzerland will be able to manage Bitcoin and Ethereum on its platform.
Moreover, customers with a New Gen account will be able to access BTC and ETH. Ethereum and Bitcoin are available on the BBVA app along with other traditional investments. According to BBVA Switzerland, it is the first traditional bank in Europe to incorporate Ethereum into its services.
In June 2021, BBVA Switzerland opened Bitcoin trading services for all private banking clients. Since then, the company has seen a substantial increase in interest from its clients. With the addition of Ethereum, the financial services provider aims to meet the growing demand for diversified crypto offerings.
“This gradual roll-out has allowed BBVA Switzerland to test the service’s operations, strengthen security and, above all, detect that there is a significant desire among investors for crypto-assets or digital assets as a way of diversifying their portfolios, despite their volatility and high risk,” explains Alfonso Gómez, the CEO of BBVA Switzerland.
Diversified Crypto Portfolio
The market cap of digital currencies increased by almost 200% in 2021. In addition to Bitcoin, the popularity of altcoins has jumped substantially. As a result, investors are now more inclined towards a diversified crypto portfolio.
“One of the most important attractions of BBVA Switzerland’s offer is that the bitcoin management system is fully integrated into its app, where its performance can be viewed alongside that of the rest of the customers’ assets, funds or investments. This service thus represents a novel offering, as it allows investing and combining traditional and digital financial assets in the same investment portfolio. This integration also offers a great advantage in terms of simplicity when it comes to trading, account statements, tax returns, etc,” BBVA added.
BBVA Switzerland, the Swiss division of the Spanish multinational financial services provider BBVA, announced the addition of Ethereum (ETH) to its crypto custody and trading service today. The private banking clients of BBVA Switzerland will be able to manage Bitcoin and Ethereum on its platform.
Moreover, customers with a New Gen account will be able to access BTC and ETH. Ethereum and Bitcoin are available on the BBVA app along with other traditional investments. According to BBVA Switzerland, it is the first traditional bank in Europe to incorporate Ethereum into its services.
In June 2021, BBVA Switzerland opened Bitcoin trading services for all private banking clients. Since then, the company has seen a substantial increase in interest from its clients. With the addition of Ethereum, the financial services provider aims to meet the growing demand for diversified crypto offerings.
“This gradual roll-out has allowed BBVA Switzerland to test the service’s operations, strengthen security and, above all, detect that there is a significant desire among investors for crypto-assets or digital assets as a way of diversifying their portfolios, despite their volatility and high risk,” explains Alfonso Gómez, the CEO of BBVA Switzerland.
Diversified Crypto Portfolio
The market cap of digital currencies increased by almost 200% in 2021. In addition to Bitcoin, the popularity of altcoins has jumped substantially. As a result, investors are now more inclined towards a diversified crypto portfolio.
“One of the most important attractions of BBVA Switzerland’s offer is that the bitcoin management system is fully integrated into its app, where its performance can be viewed alongside that of the rest of the customers’ assets, funds or investments. This service thus represents a novel offering, as it allows investing and combining traditional and digital financial assets in the same investment portfolio. This integration also offers a great advantage in terms of simplicity when it comes to trading, account statements, tax returns, etc,” BBVA added.
