Danish Investment Bank Saxo to Launch Crypto Trading Platform in Middle East

Danish investment bank Saxo is launching a new cryptocurrency trading platform, Crypto FX, to enable customers from the Middle East and North Africa to trade cryptocurrencies with certain major currencies, according to arabnews. Crypto FX will allow investors to trade bitcoin, ethereum and litecoin against the euro, U.S. dollar and Japanese yen through a single margin account, the bank said in a statement. The bank’s clients will be able to trade and hedge long and short positions using the three major cryptocurrencies, and will be in the form of derivative instruments.