But before we get technical, here’s how you can try to understand this often complex and abstract offering.

What are crypto ETFs? The ELI 5 approach

Imagine you own a piece of land you’d like to farm. Unless you’re very experienced, you’ll likely face numerous challenges.

For instance, you’ll need to think about what to plant, when to do so, how much, etc. Additionally, you’ll need specialized farming equipment, such as a tractor, a combine harvester, and the like. Ensuring adequate storage for the seeds and saplings is another consideration.

And then there’s every farmer’s worst nightmare: unpredictable weather. If you were to go it alone, there is a chance you’d do well. However, in farming — just like with anything in life (including crypto) — there are no guarantees.

The best you can do is attempt to minimize risk, and improve the chances of your crops succeeding. With that in mind, you consider an alternative: what if, instead of facing all of these challenges by yourself, you hire a more experienced farmer to work your land for you? While there’s no way to predict weather conditions, several other benefits to this alternative are obvious: for example, your new hire will likely already have the know-how and experience to do the job. You can rely on them to give you timely information while proactively and reactively working the land.

This enables you to minimize involvement in the process, while retaining ultimate control over the farm and crops. Come harvest time, you could potentially sell excess crops to a merchant. Either way, you’ve minimized your input in the process (including the risk of it failing), while improving the chances of having a successful harvest.

What does farming have to do with crypto ETFs, you ask? Think of owning farmland as funds you’d like to put in crypto. Then, hiring a farm hand while you watch from a distance is like putting your funds in a crypto ETF. The best part is, farming your land by yourself, and/or doing so with a more experienced farmer are not mutually-exclusive choices.

The same idea applies to owning/holding cryptocurrencies in a wallet, while placing other funds in a crypto ETF. Now that that’s out of the way…

What is an ETF?

ETF stands for Exchange-Traded Fund, meaning that it’s publicly traded (like stocks) on traditional exchanges. An ETF may hold just one or multiple assets, such as stocks, commodities, or in the case of crypto ETFs — cryptocurrencies.

The primary goal of an ETF is to mirror the performance of the asset(s) it holds. For most individuals, ETFs facilitate exposure to a collection of assets, instead of buying each one individually. In other words, they are designed to provide participants with a way to create a diversified portfolio of assets, including commodities, bonds, stocks, cryptocurrencies, and other securities.

In traditional financial markets, you’ll encounter various ETF types: Index ETFs, Fixed Income ETFs, Commodity ETFs, Foreign market ETFs, Alternative investment ETFs, and more. However, today’s topic is a specific type of these funds, crypto ETFs. Let’s see what they’re all about.

Bitcoin and Ethereum ETFs

Now that you have a general understanding of what an ETF is, let’s dig deeper and explain what some crypto enthusiasts struggle to comprehend: BTC and ETH ETFs. For the most part, you can think of a crypto ETF as a unique spin on traditional ETFs (explained above). For instance, a Bitcoin ETF tracks the value of BTC.

As such, it provides an opportunity to gain exposure to this cryptocurrency through traditional stock market exchanges. Similarly, Ethereum ETFs facilitate access to the price movements of ETH, or a basket (collection) of cryptocurrencies that includes Ethereum. Generally, both BTC and ETH ETFs are largely structured like traditional ones, meaning individuals can buy and sell shares on stock exchanges throughout the trading day.

Note that the most significant aspect of crypto ETFs is that owning shares of these funds does not mean directly owning the underlying cryptocurrencies. A big difference for crypto enthusiasts. We’ll elaborate on this a bit later, including the current legislative conditions surrounding crypto ETFs.

How do Bitcoin ETFs work?

As their name implies, Bitcoin ETFs hold BTC as the primary asset, providing individuals with exposure to Bitcoin’s price movements without them having to own the cryptocurrency directly. Like stocks, individuals can buy and sell units or shares of a BTC ETF on traditional stock exchanges. Licensed financial institutions issue Bitcoin ETFs.

When doing so, they must purchase and hold actual Bitcoin to back the funds. A Bitcoin ETF does not assign a random value to its shares. Therefore, when an individual purchases shares of a Bitcoin ETF, the ETF purchases the corresponding amount of BTC.

In the process, the ETF’s price closely follows Bitcoin’s actual market price. Custodians are responsible for securely keeping the purchased bitcoins. Additionally, and similar to how a stablecoin’s pegging works, the issuer of the Bitcoin ETF ensures that they are on par with the BTC stored with the custodian, on a 1:1 basis.

What Bitcoin ETFs exist today?

Due to differing regulatory landscapes, global BTC ETF adoption varies between jurisdictions. For instance, the top BTC ETFs available in Europe include:

The first Bitcoin ETF in the U.S.

was ProShares Bitcoin Strategy ETF, approved by the U.S. Securities and Exchange Commission (SEC) in October 2021.

Other popular ETFs in this part of the world are:

When it comes to Asia, the first Bitcoin asset ETF in this region was CSOP Bitcoin, introduced by the Hong Kong Exchanges and Clearing Limited (HKEC).

Differences and similarities between BTC and BTC ETFs

We’ll start with the differences, which include regulation, trading, and the nature of ownership.

The differences

• Regulation.
  In some jurisdictions, engagement with Bitcoin varies greatly. There may or may not be established legal and regulatory frameworks. In regions where they’re available, Bitcoin ETFs are subject to strict regulatory oversight
• Trading.
  Buying and selling BTC is possible any time, anywhere — directly from another BTC owner, or through a cryptocurrency exchange (like CEX.IO). Conversely, BTC ETF shares can only be bought and sold during official trading hours on traditional stock exchanges
• Nature of ownership.
  If you purchase BTC, you own this digital asset directly. Managing and accessing your BTC holdings requires private keys, which you control. However, if you buy shares of a BTC ETF, you do not own Bitcoin — you merely hold shares in a fund that owns Bitcoin.

  Managing the BTC falls under the authority of the fund’s custodian

The similarities

Similarities between cryptocurrency and the exchange-traded fund include the nature of involvement, digital form, and BTC price exposure.

• Nature of involvement. In one way, purchasing shares of a BTC ETF is similar to purchasing BTC on a crypto exchange.

  The risks and potential benefits associated with price changes still exist. The difference is that, through a BTC ETF, you don’t own the actual BTC.

• Digital nature.
  You can’t hold either product physically. Both BTC ETFs and Bitcoin exist only in digital form
• BTC price exposure. With Bitcoin and Bitcoin ETFs, the pattern of BTC price changes dictates whether you potentially gain or lose your holdings

Pros and cons of crypto ETFs

Bitcoin and Ethereum ETFs inherently feature upsides and drawbacks.

Considering both is critical when looking to make the most informed decision.

Pros

• Liquidity. As a result of typically high volume, partaking in crypto ETFs can usually be done straightforwardly, when the market is open.

• Tax/accounting. Dealing with potential tax issues surrounding cryptocurrency transactions may pose a significant challenge for both individual and institutional crypto enthusiasts. Due to their traditional financial market origins, ETFs are often accommodated in existing securities accounting and taxation frameworks
• Diversification.
  Some crypto ETFs provide exposure to not only Bitcoin, but other blockchain-related assets or companies as well. Those looking to diversify their holdings may use ETFs to gain exposure to a larger number of assets within the sector
• Regulation. ETFs are usually overseen by regulatory authorities, adding a degree of psychological legitimacy and safety in the minds of some market participants
• Technical expertise.
  Admittedly, the process of buying cryptocurrency on a centralized or decentralized exchange can, at times, be very technical — especially for completely inexperienced individuals. Knowing how to use a cryptocurrency exchange, set up and utilize a crypto wallet, protecting private keys – all of these aspects are often more straightforward through a BTC ETF

Cons

• Associated fees. An ETF typically features management fees, as users are paying for the perceived expertise and convenience of fund managers.

  While generally modest, these fees can add up over time. This aspect is mostly non-existent when it comes to holding BTC and other cryptocurrencies outright.

• Rehypothecation risk.
  Buying into a BTC ETF translates to purchasing shares/units of a fund that owns Bitcoin on your behalf. However, the fund may engage in rehypothecation: a practice of lending these assets out to other parties, which could add another risk level to your holdings. Currently, the U.

  S. SEC does not allow U.S.

  spot BTC ETFs to engage in rehypothecation.

• Custody. Ultimately, one of the cornerstones of blockchain technology, aside from decentralization, is self-custody.

  Holding BTC and other crypto assets directly means you have complete control over them. Buying into a BTC ETF essentially means relinquishing self-custody, as the fund manager holds the Bitcoin.

• Volatility.
  Buying units/shares of a BTC ETF does not eliminate the inherent risks associated with cryptocurrency price volatility. As always, it is critical to make your decision according to ample research, and your unique risk appetite

What’s the difference between BTC Spot and Futures ETFs?

The short answer is: the way that each tracks the price of Bitcoin and other underlying assets they may hold. Here’s everything you need to know about both types of exchange-traded funds.

Spot BTC ETFs

Sometimes referred to as physical ETFs, the goal of spot ETFs is to track Bitcoin’s price by holding the actual cryptocurrency. Theoretically, they purchase Bitcoin, and then issue shares to users based on the actual value of the Bitcoin they hold. Therefore, these ETFs are designed to ensure users have unobstructed access to Bitcoin’s price movements.

On the one hand, these exchange-traded funds provide users with a straightforward way to buy, sell, and trade BTC without having to deal with the complexities of buying and storing bitcoins directly. Additionally, since spot BTC ETFs are regulated, they usually provide a level of oversight and transparency. On the other hand, there’s always the potential for loss or theft of the Bitcoin held by the fund.

Since the underlying BTC is held in a cryptocurrency wallet, security breaches are always a possibility, not to mention the inherent price fluctuations of Bitcoin.

Futures BTC ETFs

These ETFs are also sometimes called derivatives-based ETFs. Unlike the previous type, futures BTC ETFs don’t hold the actual cryptocurrency.

Instead, these funds track Bitcoin’s price through futures contracts, which are agreements to buy or sell an asset at a specific time in the future. In doing so, crypto enthusiasts can try to anticipate the future price of an asset without actually owning it. But, how do futures contracts work exactly? Here’s a real-life example of a futures contract, in line with the farming analogy from the beginning of this article.

Imagine a farmer knows in June that they will harvest a certain amount of corn in September. They plan on selling the harvested crops to a merchant. Therefore, the farmer and the merchant agree on a future contract: the farmer agrees to deliver a predetermined amount of corn to the merchant in September, and the merchant pays the farmer an agreed-upon price in June.

By implementing such a futures-type contract, both the merchant and the farmer can mitigate the risk of future price changes. Following this logic, futures BTC ETFs enter into contracts to buy or sell BTC at a predetermined price and date, based on the price movements of BTC futures contracts. Advantages of futures BTC ETFs include their inherent usability potential in volatile markets, especially when traders may anticipate a decline in the price of Bitcoin.

These funds can simultaneously provide traders with a more efficient way to gain exposure to this cryptocurrency. On the downside, futures BTC ETFs carry the risk of rollover and contract expiry. Since futures contracts have expiration dates, the ETF must sell the expiring contract and buy a new one, as each contract approaches its expiration date.

Known as rollover, this process may lead to potential tracking errors and increased costs. To simplify the similarities and differences between spot and futures BTC ETFs, here’s a graphic overview: Spot Bitcoin ETFFutures Bitcoin ETFUnderlying assetActual BitcoinBitcoin futures contractsPrice trackingDirect (Bitcoin price)Indirect (futures market price)Asset custodyRequires secure Bitcoin storageNo direct custody of BitcoinSimplicityConsidered less complex, due to direct exposure to the underlying assetConsidered more complex, because of additional futures market layersTransparencyThought higher, because each ETF share corresponds to a specific number of Bitcoin held; reserves can be verified Thought lower, because futures contract value is influenced by various market factors, not just the underlying assetFeesTypically lower, due to reduced need for active trading and managementTypically higher, due to active management of futures contracts (i.e.

rollover)

Brief overview of the current crypto ETF market in the U.S.

More than a decade since the first filing, all 11 applications for U.

S. spot Bitcoin ETFs were simultaneously approved by the U.S.

Securities and Exchange Commission (SEC) in January 2024. In the week preceding the approval, ETF issuers were engaged in a “fee war” to attract the first clients. The SEC granted “accelerated approval,” which meant that these ETFs could become available for trading the following business day.

ETF issuers and respective exchanges were eager to open, so spot Bitcoin ETFs began trading on January 11, 2024. Currently, both BTC and ETH futures ETFs are already on the market. However, on May 23, 2024, the SEC officially approved eight spot ETH ETFs to be listed on their respective exchanges.

But, as often happens in financial markets, bureaucracy caused a snag. The regulator greenlighted only 19b-4 filings, while applicants also need S-1 registration statements to be approved to begin ETF trading. Therefore, ETFs are approved (19b-4), but also delayed (S-1).

Additionally, some crypto enthusiasts point out that there are still chances of potential denial of ETFs. U.S.

spot Bitcoin ETFs account for over 85% of the entire accumulated value (1 million BTC) among global spot BTC ETFs. Additionally, spot BTC ETFs have by far the largest amount of assets under management among crypto ETFs. As of this writing, more than 600 firms have revealed some form of involvement in U.

S. spot Bitcoin ETFs. However, retail investors currently account for most inflows to them.

Final thoughts

Uncharted territory. This term would be the most adequate to describe the current crypto market situation, bolstered by the unpredictability of the regulatory landscape. The conversation thus far has primarily been focused on spot ETFs, but, in theory, their approval could potentially result in increased stability and liquidity, including mainstream adoption to the cryptocurrency market.

As always, CEX.IO will keep a watchful eye on the crypto tides, and ensure you have the latest and most accurate information to make the most informed decisions. May the markets trend in your favor (and may the weather be favorable for your harvest) ! The web content provided by CEX.

IO is for educational purposes only. The information and tools provided neither are, nor should be construed as, an offer, or a solicitation of an offer, or a recommendation, to buy, sell or hold any digital asset or to open a particular account or engage in any specific investment strategy. Digital asset markets are highly volatile and can lead to loss of funds.

The availability of the products, features, and services on the CEX.IO platform is subject to jurisdictional limitations. To understand what products and services are available in your region, please see our list of supported countries and territories.

This page includes additional links to information about individual products, and their accessibility.

The action started early with Business Insider again naming CEX.IO among the “Best Crypto Currency Exchanges” of November 2023. Having lost count of the outlet’s positive mentions, it continues to be a well-spring of inspiration to keep our community satisfied and our 4.45/5 ranking, hopefully, on the rise. This news was accompanied by the company also rising three positions in CCData’s latest Exchange Benchmark Report. Netting perfect marks for KYC/Transaction Risk, Asset Quality, and an overall score of 75, we’re pleased to have also received another “A” rating from the respected outlet. Not a bad start, especially considering we brought some fireworks of our own.

To kickoff our birthday celebration, we issued a press release that was immediately picked up by Yahoo ! Finance. Our Founder and CEO, Oleksandr Lutskevych, was amplified by the flagship news engine, who reiterated our core commitments to the global crypto community, and our ongoing efforts to expand crypto adoption. A week later, CEX.IO’s Global MLRO and Head of Financial Crime, Mark Taylor, was also quoted by the outlet ahead of his appearance at the 2023 Future Identity Festival. That same day, Alex made his first trip to the Cointelegraph Innovation Circle to discuss merging agricultural business with blockchain technology. These major acknowledgements and headline attention helped set the tone for what amounted to be a memorable month of coverage.

Alex returned to the Innovation Circle just days later to weigh in on how Web3 builders could set themselves apart from their Web2 predecessors. Citing crypto’s early exploratory phase, Alex encouraged future visionaries to tap into the sense of wonder that accompanied that period of collaboration and sandbox-style discovery. Reaching back to the industry’s genesis point was also the subject of CEX.IO’s Head of Communications, Becky Sarwate’s recent publication on HackerNoon. To Achieve Global Adoption, Crypto Should Remember Its Roots worked to resuscitate the communal atmosphere of the ecosystem’s infancy, and made a case for better supporting fellow participants. This was quickly followed by HackerNoon publishing a “Meet the Writer” feature on Becky, highlighting her process, and the persona behind the pen.

Later that day, and in response to our announcement that XRP would once again be available platform-wide, CoinMarketCap elevated our relisting to their readership. After a prolonged pause, and a perceived legal victory in the courts, having this popular asset back was yet another cause for celebration. Shortly thereafter, Alex made his third Innovation Circle appearance to caution Web3 builders from indulging in fantasies of overnight success. Having witnessed countless projects succumb to becoming crash test dummies, Alex championed staying the course and keeping a level head as means to avoiding calamity.

CEX.IO’s Director of Lithuania, Head of Corporate Payment Solutions, Arina Dudko, also had the opportunity to speak with Cointelegraph about the EU’s proposed Data Act. Noted for adding a “kill switch” requirement to smart contracts operating in its jurisdiction, concerns of its passing has sparked considerable hubbub among crypto enthusiasts and hardliners alike. However, Arina offered insight into how these new regulations would better protect industry participants, and could serve to thaw skeptics on transacting in the crypto space. The company was again mentioned by Cointelegraph days later when the outlet reported on BTC and ETH availability for U.K.-based participants. This reiterated our prior announcement to halt onboarding for new users in that region, alongside other companies seeking to chart the right course through changing regulatory waters. All in all, it was a significant month for company recognition and generative thought-leadership.

Explore our November media highlights via the links below.

Business Insider renewed its assessment of CEX.IO, and named it among the “Best Cryptocurrency Exchanges” for another consecutive month. The company Maintained its 4.45/5 rating, and received praises for offering user-centric solutions, low fees, and best-in-class customer satisfaction.

Read the review in full here.

CEX.IO rose three positions versus March 2023, to #8 in the latest Exchange Benchmark Report from CCData. With perfect marks for KYC/Transaction Risk, Quality/Diversity of Assets, and Team/Exchange, the reputable outlet awarded an overall score of 75, and renewed our “A” rating.

Explore our full ranking here.

Rounding out a busy start to the month, November 1 also saw our Founder and CEO, Oleksandr Lutskevych, quoted by Yahoo ! Finance in recognition of CEX.IO’s 10-year anniversary. A rare accomplishment in the crypto space, Alex used the moment to thank employees at every level for their hard work and commitment to building a tenured, recognized company. After a decade of innovation and leadership in a growing industry, Alex made it clear CEX.IO continues to have big plans for the future.

“‘Since day one, we’ve endeavored to bridge the gap between traditional and decentralized finance, and achieving this milestone is a testament to that commitment,’ Lutskevych said. ‘By developing proprietary technologies, and building out critical infrastructure, CEX.IO has been at the forefront during key periods of growth within the crypto space. And after a decade of measured leadership, we’re just getting started.’”

On November 7, CEX.IO officially announced that its Global MLRO and Head of Financial Crime, Mark Taylor, would be speaking on a panel at the 2023 Future Identity Festival in London. Mark was quoted by Yahoo ! Finance following the release, where he spoke about the urgent duty he feels to keep the value and information of market participants safe from bad actors seeking to exploit weak points in the digital economy.

“‘After two decades in law enforcement, I feel duty-bound to help ensure emerging developments are situated toward their most efficient application,’ Taylor said. ‘With our combined talent and expertise on display, I’m confident we’ll get to the heart of the current uptick of bad actors, and establish an understanding of next steps. Fraud prevention requires an incredible level of synchronicity between disparate partners, so it’s paramount that we work together.’”

Also on November 7, our CEO Alex made his first visit of the month to the Cointelegraph Innovation Circle, this time to discuss integrating agricultural businesses with blockchain technology. While the crypto ecosystem is still under development, Alex cautioned that real-world crops and livestock must align with their on-chain representations. That way, foodways can remain operational, and face minimal interruptions.

“Many pixels have been exhausted theorizing how blockchain technology could liberate industries and supply chains. However, ensuring digital assets actually account for the livestock or crops they represent is paramount to mitigating the dire impact subversion could have on at-risk populations. Therefore, those aiming to disrupt agricultural industries must ensure our foodways remain intact.”

On November 9, Alex made his second trip to the Cointelegraph Innovation Circle, this time to discuss how Web3 developers can set themselves apart from their Web2 ancestors. Noting the consolidation of internet providers that partially defines Web2, Alex suggested drawing inspiration from first-wave builders who pioneered early, user-run online communities. After liberating our digital space from the control of centralized entities, he argued that returning power to users will reinvigorate the internet’s initial wonder, and catalyze innovation.

“Each iteration of the Web has signaled a dramatic shift from its predecessor in how content is produced and accessed. Web3 companies should embrace a return to the user-centric, community-focused amenities that inspired first-wave builders. By breaking with the centralized consolidation that occurred under Web2, leaders stand to reinvigorate the sense of wonder that once thrived in our online spaces.”

On November 12, CEX.IO’s Head of Communications, Becky Sarwate, had her second piece published on HackerNoon, this time examining how crypto’s history could have lessons for the future. By making a case for greater community investment from wealthier participants, Becky drew comparisons between educational funding in the U.S., and what crypto can learn from returning to its roots.

“To achieve global adoption, crypto companies need to start conceiving of the ecosystem as a single organism whose success requires collaborative effort and investment. Whether this demands the development of new or better networks, true progress must be measured by our collective will to achieve financial freedom. No longer a zero-sum game, this is an opportunity for the best and brightest to determine which stars are within reach.”

On November 15, and after a long hiatus, CEX.IO announced that XRP would once again be available platform-wide. The news caused quite a stir, as multiple outlets ran stories echoing the relisting. A post on CoinMarketCap was the first to share the news, and highlighted the company’s hardwon reputation, and signaled the event as a turning point for the XRP community following the recent court ruling.

“CEX.IO, a prominent digital asset exchange, announced the relisting of Ripple-affiliated XRP token for its U.S.-based users earlier this Wednesday. This move allows U.S. users to buy, sell, convert, deposit, and withdraw XRP across CEX.IO’s product ecosystem.”

That same day, Becky kept the momentum of her new piece rolling with a “Meet the Writer” feature on HackerNoon. After finding herself well-established on the platform, readers were given a glimpse into the person behind the posts, and her approach to publication. Where writing and thinking about crypto remains a professional passion, that’s just the tip of the iceberg.

“I usually write in three phases. During the first, I sit for two to three hours and just produce a raw draft. I kind of come with a mental outline in my head, and the data points I need to find to support my arguments. Then I just bang it out. In Phase 2, I come back after some rest (for me and the piece I’m writing) for a critical content review. The focus here is not necessarily mechanics. But did I accomplish what I intended? If not, time to edit. And in the last and final creative phase, I am usually nitpicking at my grammar and punctuation while trying my best not to let perfect become the enemy of good.”

On November 21, Alex made his third visit of the month to the Cointelegraph Innovation Circle, this time to caution Web3 builders from expecting overnight success. After acknowledging the meteoric rises in technology and crypto circles, Alex noted how the majority of projects face tough challenges that require perseverance and dedication to overcome.

“Despite the quick pace of the crypto ecosystem, it’s rare for success to arrive overnight. While we’ve certainly seen projects exceed anyone’s wildest dreams, the majority face the uphill challenges of a crowded field and shifting public sentiment. For true believers, this is common knowledge often won through sober experience. Therefore, it’s wise to temper your expectations and plan for rainy days.”

On November 24, CEX.IO’s Director of Lithuania and Head of Corporate Payment Solutions, Arina Dudko, spoke with Cointelegraph to discuss how the EU’s proposed Data Act is a necessary advancement to ensure user safety. Controversially, the legislation would require “kill switch” for smart contracts operating in its jurisdiction, which continues to divide leaders on the impact it will have on future innovation. By evoking laws that established much-needed building codes, Arina argued smart contract guardrails provide essential participant protections, while challenging builders to continue delivering top-tier products.

“Dudko said that much like ‘emergency exits and fire codes, these accommodations are critical to ensuring the environments and products we share are safe for all.’ Crypto market participants, she said, need a way to escape if they ‘get locked into a nefarious or misguided commitment. While this could discourage hardliners from engaging with these resources, introducing basic user protections could serve to welcome skeptics and crypto-curious participants to make their first transaction.’”

On November 26, CEX.IO’s announcement of halting new customer onboarding in the U.K. again circulated, this time in the outlet’s coverage of BTC and ETH availability in the region. The article notes the company’s prudence in navigating the evolving regulatory landscape around crypto marketing, while still providing top-tier access to existing users. As the situation continues to evolve, CEX.IO remains committed to working closely with officials to stay within permitted guidelines to achieve peak participant protection.

“In response to updated regulatory guidelines from the FCA and the expanded parameters of the Regime of Financial Promotions, CEX.IO and Binance announced in 2023 that they had suspended onboarding new U.K.-based consumers. Therefore, verifying an exchange’s availability in the U.K. and compliance with regulatory changes is essential for informed decision-making.”

The web content provided by CEX.IO is for educational purposes only. The information and tools provided neither are, nor should be construed as, an offer, or a solicitation of an offer, or a recommendation, to buy, sell or hold any digital asset or to open a particular account or engage in any specific investment strategy. Digital asset markets are highly volatile and can lead to loss of funds.

The availability of the products, features, and services on the CEX.IO platform is subject to jurisdictional limitations. To understand what products and services are available in your region, please see our list of supported countries and territories. This page includes additional links to information about individual products, and their accessibility.