Novo Banco began making financial instruments associated with cryptocurrencies available to its customers, marking the entry of a Portuguese bank into this segment, albeit indirectly and with a specific risk framework.
According to Jornal de Negócios, the direct purchase of cryptocurrencies is not at stake, but rather the negotiation of financial products that replicate the evolution of these digital assets. The distinction is central to understanding the scope of the initiative.
According to the same source, the instruments now accessible benefit from the characteristics and price variation of cryptocurrencies, allowing exposure to this market without direct acquisition of the assets.
Platform now available
The bank revealed that its financial products trading platform, called Trading Pro, began making “new trading instruments associated with digital assets (cryptocurrencies)” available this week. The newspaper writes that the functionality appears in the same model already used for shares and funds that track stock indices, now expanding the offer to products that follow the evolution of digital assets.
In practice, clients can invest in instruments whose performance follows the behavior of cryptocurrencies, similar to what happens with other indexed financial products.
According to the same source, as in any application in financial markets, the return potential is associated with a higher level of risk, reflecting the characteristic volatility of these assets.
Risk assumed by the investor
It is emphasized that there is no guarantee intended to compensate for possible losses resulting from these investments. The risk can result in the total loss of invested capital. The publication mentions that this indirect exposure does not change the speculative nature associated with cryptocurrencies, maintaining the market logic applicable to other risky financial instruments.
With this decision, Novo Banco becomes the first major Portuguese bank to allow, through its platform, access to instruments linked to cryptocurrencies, although without directly selling digital assets. The integration of these products into Trading Pro represents an expansion of the offer available to customers who use the platform to trade shares, funds and other financial instruments.
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