Finam intends to create a company in Kazakhstan and a broker with access to cryptocurrencies in Belarus. Each direction will have its own characteristics. The launch is planned for 2024, writes RBC with reference to the company’s director, Vladislav Kochetkov.
The platform in Belarus will be for Russians an alternative to cryptocurrency exchanges from “hostile” countries; in Kazakhstan, it will also serve foreign companies with Russian assets that have moved to this jurisdiction.
There will be Bitcoin-ruble, Ethereum-ruble, Bitcoin-Belarusian ruble, Ethereum-Belarusian ruble pairs. Clients will be able to deposit cryptocurrencies and Russian and Belarusian rubles into their accounts with the new broker via bank transfer.
Finam’s international partner Just2Trade has been working in Kazakhstan for almost ten years, and investors from Kazakhstan can work with Finam itself, opening accounts remotely. The Russian holding still does not have direct access to local stock exchanges. It is therefore possible to enter this market by creating a broker or connecting to trade, where possible, directly with a Russian broker.
The broker planned to open clients to the Latin American and South Korean markets in spring 2023. The new markets can absorb up to 10% of demand. Another 25% will be provided by US markets (previously they accounted for 35% of demand). The Russian market will provide the remaining 65%.
Author:
Karina Pardaeva
Source: RB
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