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Crypto Broker AG, the brokerage division of Crypto Finance Group, receives the FINMA Securities House Licence

·2 min read

The Crypto Finance Group, a leading digital asset enabler for the finance sector, is pleased to announce that its brokerage subsidiary, Crypto Broker AG, has been granted a securities house licence by FINMA. The licence will allow the Crypto Finance Group to begin offering new products, services, and trading platform features, which will all meet the standards warranted by prudential regulatory oversight. As demand accelerates, institutional clients can place their trust in an expert, licenced counterparty to expand their business into the crypto and digital asset space.

ZURICH, Feb. 1, 2021 /PRNewswire/ -- The Crypto Finance Group brokerage, Crypto Broker AG, has been granted a licence as a securities house with a bilateral trading facility by FINMA, the Swiss Financial Market Supervisory Authority. The licence is recognition of the group's consistently professional approach to crypto asset trading, liquidity provision, and innovation in financial services, making it a business-to-business partner of choice for institutional investors and leading financial players. This significant milestone caps a successful previous year for the group, with the brokerage trading over USD 1 billion in assets in 2020.

Jan Brzezek, Crypto Finance founder and CEO; Rupertus Rothenhaeuser, CEO, Crypto Broker AG.
Jan Brzezek, Crypto Finance founder and CEO; Rupertus Rothenhaeuser, CEO, Crypto Broker AG.

Crypto Finance is one of the few crypto brokers worldwide fulfilling the licencing requirements that securities firms active in the established financial markets do. Once effective, this licence also brings new business potential in trading security tokens.

"Getting the securities house licence for our brokerage is a pivotal moment for us. It means that we will be able to offer our professional – and regulated – services to even more financial institutions, enabling them to enter this new asset class. The licence also recognises our team's dedication and expertise," says Jan Brzezek, founder and CEO of the Crypto Finance Group.

Rupertus Rothenhaeuser, CEO of Crypto Broker AG adds, "Today's announcement marks a milestone in achieving the Crypto Finance Group vision: providing professional products and services for the evolving digital asset universe. Given last year's exponential growth in digital asset operations with our clients, we expect continued business expansion in 2021."

About the Crypto Finance Group

The Crypto Finance Group provides banks and professional investors a full suite of secure, reliable services that is unique in the digital asset space today. The group provides FINMA-regulated crypto asset management and 24/7 brokerage services, as well as storage infrastructure and tokenisation solutions. www.cryptofinance.ch

Contact: Yara Ainsworth, T +41 41 552 45 31, press@cryptofinance.ch

Logo - https://media.zenfs.com/en/prnewswire.com/2cea1a433e00e570fc559b295558a134
Photo - https://media.zenfs.com/en/prnewswire.com/0ffb14c4853a455d89445e0dc317144a

Crypto Finance logo
Crypto Finance logo

SOURCE Crypto Finance AG

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  • Reddit’s r/WallStreetBets Just Took Down a Hedge Fund. You’ll Love What Comes Next.

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So, we believe Comms, Compute, and Consumer end markets are performing quite well… We expect above-industry AOSL growth…" To this end, Ellis rates AOSL a Buy along with a $40 price target. This figure implies ~40% upside from current levels. (To watch Ellis’ track record, click here) Though not many have weighed in with an opinion on AOSL in the last 3 months, those who have are singing its praises. Overall, two analysts rate the semiconductor maker a Buy and the average price target of $37.50 implies ~30% upside for the upcoming year. (See AOSL stock analysis on TipRanks) Lands’ End (LE) The retail landscape has been shifting dramatically in recent years, and many venerable names have fallen by the wayside. Some, however, have survived. Lands’ End, founded almost 60 years ago, has built a reputation for quality in the clothing, footwear, and home décor niche. The company brought in $1.45 billion for its fiscal year 2019, the last with full numbers available. From the 2020 numbers that have been published, it looks like Lands’ End is on track for steady growth. It posted year-over-year revenue gains in both Q2 and Q3 of 2020, indicating a quick recovery from the COVID crisis. The Q3 revenue was $360 million, up 5.8% from 3Q19 – and up an even more impressive 15% from 2Q20. Meanwhile, the company has revised its Q4 guidance upward. Revenue is expected between $528 million and $533 million, up 4% at the midpoint. EPS is expected between 54 cents and 58 cents, for a 19% midpoint increase. Solid revenues through a difficult year have powered strong share appreciation. LE stock has gained a robust 126% over the past 52 weeks. Covering this stock for Craig-Hallum, analyst Alex Fuhrman writes, “Lands’ End defied expectations in 2020 and is well positioned to grow in 2021 and beyond. The company proved its ability to execute in all environments as well as the strength of its branded e-commerce channel, which has grown more than 20% y/y over the past two reported quarters… we envision continued e-commerce growth, as 2020’s growth was likely the result of market share gains from brick-and-mortar foes rather than 'pantry loading,' while the retail and uniforms channels have potential for substantial growth ahead.” Unsurprisingly, Fuhrman rates the stock a Buy, and his price target, at $35, implies ~27% growth potential in the next 12 months. (To watch Fuhrman’s track record, click here) Some stocks fly under the radar, and LE is one of those. Fuhrman's is the only recent analyst review of this company, and it is decidedly positive. (See LE stock analysis on TipRanks) To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights. Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.

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