Finam Enters Cryptocurrency Market with Broker and Exchange Roles
Finam Cryptocurrencies: Group Prepares to Enter Market as Broker and Exchange
The Russian financial group Finam plans to enter the digital asset market in two roles - as a broker and a crypto exchange, according to Vladislav Kochetkov, the president and chairman of the group.
Finam views cryptocurrencies as one of its new areas of development. The group aims to take a prominent place in the emerging Russian cryptocurrency market.
The decision to operate as both a broker and an exchange is part of Finam's strategy, which includes two parts: decisions already made and issues still being worked out.
Finam has identified two starting roles - broker and crypto exchange. The specific trading platforms, the set of supported coins, and the client scenario for opening an account will depend on the final launch model.