Coinmerce, a cryptocurrency trading platform based in the Netherlands, has formed a joint venture with Amsterdam’s crypto fund Icoinic.
Wilhelm Roth, CEO of Icoinic, says, “Together with Coinmerce, we have a unique proposition in the Dutch market. With the capabilities of a tech company, like Coinmerce, we can further improve and expand our products and services. We will reveal more about that soon.”
Through this collaboration, Coinmerce now holds a majority stake in Icoinic, aiming to bolster its presence in Europe and offer an alternative to the Bitcoin ETF.
A Bitcoin exchange-traded fund (ETF) is a financial tool that allows investors to follow Bitcoin’s price movements without holding the actual cryptocurrency. It operates like traditional stocks, making it easier for investors to participate in the crypto market through stock exchange trading.
Coinmerce CEO, Jaap de Bruijn adds, “Bitcoin has just surpassed the record of $69,000, partly due to the launch of the Bitcoin ETF. Through this ETF, investors can invest in Bitcoin via asset managers.”
“This clearly shows that investors want to diversify into crypto without having to take on the management themselves.”
“What sets Icoinic apart from this ETF is that investors can choose from different risk profiles with corresponding returns. There is the more defensive Delta-neutral Fund, but also the Algorithmic Fund, which has performed 2.5 times better than Bitcoin so far.”
In 2023, Binance and BUX referred their Dutch customers to Coinmerce.
Icoinic: Making crypto work for you
Founded in 2017, Icoinic is a crypto fund registered with the Authority for the Financial Markets (AFM). The company specialises in crypto-asset management, offering high-performing investment strategies by combining the expertise of crypto natives and financial professionals.
Icoinic offers investors the opportunity to invest in crypto with a minimum investment of €100,000.
The firm’s investment products follow a traditional alternative investment fund structure, focusing on managing counterparty risk, custody risk, investment risk, compliance, and operational risk.
Icoinic says, “We believe that the crypto-asset ecosystem brings enormous potential for innovative investors seeking uncorrelated investment opportunities which are crucial in structuring diversified investment portfolios.”
Brief about Coinmerce
Founded in 2017 by brothers Nick and Luc Smits van Oyen, Coinmerce claims to stand as one of the earliest crypto platforms in the Netherlands, aiming to democratise access to cryptocurrency.
Boasting a vast selection of 350+ coins, Coinmerce sets itself apart through its commitment to security and user-friendliness, providing a straightforward platform with minimal fees accessible to everyone.
In 2020, Coinmerce earned registration from De Nederlandsche Bank for its crypto-related services. Furthering its international expansion, the company secured registrations in France and Spain in 2023.
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