Estonian banking and financial services company LHV announced that its customers are now able to trade major crypto assets on its app.
Initially, customers will be able to buy and sell eight selected major cryptocurrencies at market prices including Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Uniswap (UNI), Chainlink (LINK), Stellar Lumens (XLM), Polygon (MATIC), and Aave (AAVE).
LHV said that it is opening up the possibility for its clients to trade crypto assets around the clock in the mobile app via licensed crypto exchange Bitstamp.
The crypto assets of clients will be securely held on the BitGo platform, which is part of the Galaxy Digital Group, a Toronto Stock Exchange-listed company.
The acquired crypto assets can be seen and managed alongside the customers’ other investments.
It provides convenient access to a popular and rapidly growing asset class, and gives clients a comprehensive overview of their portfolio.
Additionally, LHV’s new solution offers pre-filled tax forms to private persons, for the fast and correct declaration of crypto transactions.
LHV added that it plans to add new instruments, order types and other solutions for more convenient trading in the near future.
“We will be the first bank in the Baltics to start offering crypto trading to our clients – as the first step, they will be able to buy and sell crypto assets on the LHV mobile app,”
said Madis Toomsalu, Chairman of the Management Board of LHV Group.
“We offer our investment services to support our clients in growing their wealth just the way they want to.
Considering the increasingly mature level of development of crypto assets and their rapidly growing popularity as a new asset class, we are ready to add this asset class to the range of products offered to LHV bank clients,”
said Martin Mets, Head of Investment Services in Retail Banking at LHV, on the new service.