Haarlem, the Netherlands-based Holland Crypto, the sister company of trading platform BOTS, announced that it has received the cryptocurrency registration of De Nederlandsche Bank (DNB). This gives the company permission to offer exchange services between euro and crypto and wallets.
Michiel Derksen, CEO of Holland Crypto, says, “We are very pleased with this registration. This ensures that we as a company can offer exchanges from euro to crypto. In our partnership with BOTS, these can be used to turn on smart crypto trading algorithms.”
The BOTS app will be adapted so that Holland Crypto’s services will also be available to all BOTS customers.
Michiel Stokman, CEO of BOTS, says, “It is incredibly good news that Holland Crypto has received this registration. Not only for our company but for the entire innovative cryptocurrency world in the Netherlands. A company experiences many limitations without a DNB registration, but with this registration of Holland Crypto we are one step closer to our ultimate goal, which is a second income for everyone worldwide.”
What does Holland Crypto offer?
Holland Crypto focuses on facilitating an exchange service between virtual currencies and euros, as well as offering custody wallets. It thus functions in popular terms as the so-called crypto broker.
In addition, the company also offers its customers the possibility to apply automated trading strategies. This activity is offered in cooperation with its sister company BOTS. Holland Crypto BV is registered with De Nederlandsche Bank NV (DNB) as a provider of crypto services.
DNB supervises Holland Crypto’s compliance with the Prevention of Money Laundering and Terrorist Financing Act and the 1977 Sanctions Act. Holland Crypto is not subject to prudential supervision by DNB or to conduct supervision by the AFM. This means that there is no supervision of financial requirements or business risks and there is no specific financial consumer protection.
Founded in 2018 by Michiel Stokman, Colin Groos and Stefan Bijen, BOTS is an app and platform that allows anyone to trade cryptocurrency from €50. BOTS offers its users the opportunity to invest in various bots, a programme that buys and sells based on trading algorithms with a specific strategy. The app was launched in May, 2020, and has around 200,000 active users in 35 countries.
In December, 2021, BOTS presented BOTS Platinum to allow private investors on the platform to automatically trade stocks, forex and options. The smart AI algorithms are unique, says the company. Access is now possible exclusively for deposits from €100,000.
The new addition was announced during the Masters Expo, where the wealthiest Dutch gather every year. BOTS has already attracted a large number of investors since its launch. Initially, the mobile application only allowed for automatic investment in cryptocurrency.
The Platinum service was created because there was a lot of demand for it from users. The current interest rates at banks mean that there is a need for other ways to grow money, either through the traditional stock market or through cryptocurrency. By combining these, BOTS is not only ‘unique’ in algorithmic trading, but also in its wide range of investment options. Starting with automatic investing is possible from as little as €50.
Recently, the company raised €13M to scale its automated investment services faster and offer them globally. According to BOTS, the top 10 performing bots have achieved 56 per cent returns over the past 30 days. 66.3 per cent of users are making a profit from the app.
Currently, it has more than 140 employees across 30 nationalities.
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