The European Crypto Bank, a relatively new London-based fintech company, has announced its plans to build the first bank and trading platform for secure investments in cryptocurrencies.
Additionally, it will offer financial analysis on cryptocurrencies, tokens and tax assistance. The bank will also develop and provide Robot Advisors and automation of the processes for availability and traceability of 24/24 and 7/7days services.
It aims to become a pan-European wealth management and private banking provider in a new economy. According to the company plans, it is planning to obtain a banking licence in France, Italy and Germany at Horizon 2022.
“European investors cannot do without the opportunities of this fabulous future market despite the uncertain regulatory framework and they must be able to benefit from this market simply and by controlling the risks,” the company noted.
The European Crypto Bank has formed a multinational and multi-disciplinary team of rivate bankers, tax specialists, computer scientists, mathematicians, and Blockchain engineers and has launched an initial coin offering (ICO).
The Ethereum-based tokens (ECB) for sale amount to 677 283 261, with an ICO supply of 345 414 463 and a price of EUR 0.63. The tokens will be used for generating an ecosystem and will allow access to personalized reports, financial analysis and advice from European tax experts in cryptocurrencies.
At the time of writing this article, the ICO, which launched on February 3, has accumulated orders 1249,76 ETH. The sale ends on May 1, 2018.