Asset servicing digital assets news

Spectrum Markets has expanded its product offering to include cryptocurrencies as an underlying market, with specific turbo warrants on Bitcoin and Ethereum.

The new products expand the existing suite of Turbo24s offered by the pan-European trading venue for securitised derivatives in response to the demand for more versatile exposure to cryptocurrencies.

In a turbo warrant, the instrument is automatically terminated when the underlying asset reaches a specific price.

This will allow financial institutions and brokers to offer their retail investor clients long- and short-leveraged exposure to the price of the two most popular cryptocurrencies, as well as the ability to trade turbo warrants on cryptocurrencies on-venue, 24 hours a day, five days a week.

Retail investors will therefore benefit from these tools to better control the gap risk of such volatile assets, while the on-venue trading further enhances regulatory protection and transparency for investors.


In addition, using derivatives to access cryptocurrencies provides greater assurance of the safer custody of assets, as investors do not need to maintain a separate crypto wallet.

Commenting on the expanded product offering, Nicky Maan, CEO of Spectrum Markets, says: “As well as being an easy way to access cryptocurrencies via their broker with a limited outlay, the Turbo24 products provide investors with tools to hedge exposure and better control their risk in what is, after all, a highly volatile asset class.

“We firmly believe there will continue to be a role for digital assets in retail investor portfolios, and we look forward to introducing further innovations and opportunities in this space.”