Still raising an eyebrow in doubt? Ask us about anything that’s keeping you from sleeping at night!
How does Yuh keep my cryptocurrencies safe and secure?
Rest assured, the safety of our Yuhsers’ digital assets is and will always be our top priority. To provide the safest possible crypto space for you, we collaborate closely with our founding mother and custodian bank, Swissquote. This way, we are able to implement state-of-the-art security systems including multi-signature wallets, offline storage of cryptographic materials and strict access-control policies. We rely on redundant custody solutions, including ours and external partners’, to store our Yuhsers’ digital assets. Finally, we hold only a minimal amount of digital assets with sub-custodians, such as those necessary for day-to-day trading activities with the relevant liquidity providers.
In the event of bankruptcy and under Swiss law, digital assets are segregated from the custodian (or sub-custodian) assets. They do not form part of the bankruptcy estate. However, in this specific case, it is important to note that the bankruptcy process cannot be fully guaranteed due to the lack of case law and regulatory practice.
You mentioned sub-custodians and liquidity providers that you use for cryptos at Yuh. Who are they?
Yuh stores the vast majority of our Yuhsers’ digital assets in direct custody via our founding mother and custodian bank, Swissquote. We hold only a minimal amount of digital assets with sub-custodians, such as those necessary for day-to-day trading activities with the relevant liquidity providers. You can find an exhaustive list of our sub-custodians and liquidity providers below.
Bitcoin, Ethereum, Audius, Bitcoin Cash, Hedera, Litecoin, The Sandbox, and XRP:
Liquidity Provider: Bitstamp Europe S.A. (Luxembourg)
Sub-custodians: BitGo Trust Company, Inc. (USA)
Liquidity Provider: Traded on SQX, Swissquote Bank (Switzerland)
Sub-custodians: Coinbase Inc. (USA)
Liquidity Provider: Swissquote Bank (Switzerland)
Sub-custodians: Swissquote Bank (Switzerland)
Can I buy fractional shares of cryptos?
All products available for investment on the Yuh app, such as stocks, ETFs, cryptos and Themes, can be traded in fractions. Inquisitive minds can find the complete list here.
How are investors like me protected?
Don’t fret! In Switzerland, investors are a legally protected species. The Federal Act on Financial Services (FinSA) came into force on 1 January 2020 with the objective to strengthen the legal protection for investors in the country. The FinSA distinguishes between three client segments: “private client”, “professional client” and “institutional client,” each of which has a different level of investor protection. As a Yuhser, you belong to the “private client” category – therefore, you benefit from the highest level of investor protection.