Cryptocurrency bank SEBA has announced adding support for three decentralized finance (DeFi) altcoins: Uniswap (UNI), Synthetix (SNX) and Yearn Finance (YFI).
Crypto bank SEBA supports three DeFi altcoin projects
This development means that SEBA customers can now trade in banks and deposit coins with these tokens. In addition, these tokens will be accessible in bank investment solutions, including an actively managed and customized customer portfolio.
Alistair Heggie, COO of SEBA Bank, says:
Investors’ interest in digital assets is growing rapidly, and many want to move beyond Bitcoin.
The bank currently supports Bitcoin and five altcoins: Ethereum (ETH), Litecoin (LTC), Stellar (XLM), Bitcoin Cash (BCH) and USDC stablecoin.
The bank said the addition of SNX, UNI and YFI was based on SEBA Research’s research and that crypto assets were selected based on both quantitative and qualitative indicators. SEBA added:
The value enhancement mechanism, tokens and the underlying protocol play a central role in this process.
While Uniswap and Synthetix are two of the largest decentralized exchange (DEX) protocols, Yearn Finance is a leading “yield aggregator” with over $ 3 billion in assets locked to the protocol.