Swiss crypto broker Newcent adds support for physical gold

Swiss cryptocurrency broker Newcent has added support for physical gold. Clients can now combine cryptocurrencies and gold in a single investment portfolio. ForkLog learned this from company representatives.

Newcent works with gold liquidity providers from Switzerland and Liechtenstein. This ensures competitive prices for the broker’s clients, as well as secure storage of the physical asset in Switzerland and the Principality of Liechtenstein.

The company believes that gold combined with cryptocurrency can deliver solid returns for investors. The broker believes that the price of the traditional asset will rise.

“Gold and cryptocurrencies are an alternative for investors who do not want to put money in a deposit or go to the stock market. Cryptocurrencies have a chance in the near future to reach a trading volume comparable to gold,” said Vladimir Smetanin, CEO of Newcent.

The crypto broker Newcent has been operating since 2018. The company helps major clients legally buy and sell cryptocurrencies.

The broker provides investors with closing documents to help verify the source of funds when selling gold and cryptocurrency.

Newcent clients undergo AML/KYC procedures. The minimum gold trade on Newcent is $50 000, and the markup for purchasing physical gold is 2–3%.

Earlier, ForkLog and Newcent explained how to legally invest large sums in cryptocurrency.

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