Israeli Investment House to Open Crypto Unit
Altshuler Shahem Group plans to offer opportunities to invest in futures contracts and options that are based on the market value of bitcoin and other digital currencies
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Altshuler Shahem is aiming to service clients who “will be looking for exposure to blockchain based financial instruments,” the company said in a statement to Calcalist Sunday. “We have been studying digital currencies and related assets for a long time in order to develop a deep understanding of this complex world,” the company said in a statement.
Once the crypto-service is introduced, clients will be offered opportunities such purchasing futures contracts on digital currencies and to trade in options driven by the price of these currencies. Investors could also seek exposure to the industry by making investments in companies developing the blockchain-based technologies.
Altshuler Shahem hasn’t decided whether enable clients to invest directly in cryptocurrencies, the company told Calcalist
Israeli investors who have invested in cryptocurrencies independently have encountered difficulties transferring funds back into their bank accounts in Israel because of restrictions placed by the country’s financial system.