Global risk assets continue to appreciate, BBAE Pro deploys cryptocurrency trading

Despite the spread of the Delta variant and the early release of the Federal Reserve's interest rate hike plan, the U.S. stock market's upward trend remains unabated. As of August 25, the Nasdaq and S&P 500 hit new all-time highs, marking the third consecutive trading day for the two major indexes to hit new all-time highs.

Since the financial crisis in 2008, the United States has implemented multiple rounds of quantitative easing monetary policies, followed by a bull market in the U.S. stock market for more than a decade. Due to low interest rates and the resulting inflationary environment, the returns on cash and bonds have been poor, but on the other hand, the returns on risky assets have become very impressive.

In terms of risky assets, in addition to the stock market that continues to hit new highs, Bitcoin, with the recent support of institutions and investors, has once again reached $50,000 after a lapse of three months, and the overall market value of cryptocurrencies has also returned to over $2 trillion.

Since August, according to incomplete statistics from the media, many asset management companies such as AdvisorShares, ProShares, Invesco Ltd., VanEck, Valkyrie Digital Assets, Kryptoin, Galaxy Digital and Victory Capital have submitted applications for cryptocurrency ETFs. Earlier, Goldman Sachs and Fidelity also submitted applications for cryptocurrency ETFs. More and more institutions are beginning to enter the field of cryptocurrency investment. In addition to professional financial institutions, the well-known online payment platform Paypal said on August 23 that it will launch a service that allows British customers to buy, hold and sell cryptocurrencies. In addition to traditional ETFs, institutions have also added many new product forms, such as BTC futures contracts, Bitcoin exchange-traded products (ETPs) and Bitcoin-related private investment funds.

In this context, BBAE, a US zero-commission broker, has launched BBAE Pro in the US market, which supports mainstream cryptocurrency transactions, including Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), Ethereum (ETH), Ethereum Classic (ETC), Dogecoin (DOGE), Stellar (XLM), etc. The new version of BBAE Pro provides investors with a convenient service to invest in a variety of different types of assets: investors can trade US stocks and digital currencies at the same time through the same account funds.

It is understood that BBAE Securities, founded in 2016, mainly engages in zero-commission U.S. stock trading and investment advisory business. Its subsidiary Redbridge Securities LLC is strictly regulated by the U.S. Securities and Exchange Commission (SEC) and is a member of FINRA. The agency is committed to providing global investors with smarter and more complete U.S. dollar asset investment services.

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