Fintech company Leonteq expands crypto offerings in Europe

Following the successful expansion of its cryptocurrency service within its homeland of Switzerland, fintech firm Leonteq has now launched a collaborative effort with ICF Bank — one of Germany’s leading securities trading banks — to bring crypto to institutional investors throughout Germany and Austria. Well regarded for their accolades in the Swiss markets, including being the “world’s first short tracker certificate on Bitcoin in 2017, as well as the world’s first reverse convertible on Bitcoin in 2019,” the firm is now set to make further strides in the emerging space. Following the evolution of a multi-year relationship, Leonteq and ICF Bank have teamed up in an effort to branch the former's financial offerings beyond traditional structured assets with the introduction of 18 crypto-based assets including the impassable Bitcoin (BTC) and Ether (ETH), as well as Cardano (ADA), Aave (AAVE) and XRP, among others.