Do I own my cryptoassets?

On TBanque, some positions are secured with real assets, and others use CFDs.

  • Trading real cryptoassets means that we purchase the tokens on your behalf and register them in a segregated account under your name. Once the position is closed, we sell the coins on your behalf, and the invested amount +/- any profits or losses are converted to fiat currency.

  • CFD stands for Contract for Difference. CFD trading enables you to trade an asset by engaging in a contract with TBanque to replicate market conditions without buying the underlying asset. Click here to learn more about CFDs. Any CFD trade will be marked 'CFD' in the trade line. 

 

The type of crypto position depends on the direction of the trade (BUY or SELL), whether leverage is used, the TBanque entity that is applicable to your account and the regulatory framework it follows, and in some cases, your country of residence. To find out which regulation your account is under, please click here.

 

Clients of TBanque (Europe) Ltd:

  • Non-leveraged BUY (long) crypto trades are secured with real assets.
  • Leveraged and SELL (short) crypto trades are CFDs.
 

Clients of TBanque (UK) Ltd and residents of the UK who are clients of TBanque (Europe) Ltd:

  • BUY (long) crypto trades are secured with real assets. 
  • New CFD crypto trades, including leveraged crypto trades, SELL (short) crypto trades and crypto-crosses, are not permitted according to Financial Conduct Authority (FCA) rules banning the sale of derivatives and exchange traded notes that reference certain types of cryptoassets to retail consumers. The ban came into effect on 6 January 2021 (there is no requirement to close out existing CFD positions prior to this implementation date).
 

Clients of TBanque AUS Capital Limited:

  • From 12 September 2021, non-leveraged BUY (long) crypto trades are secured with real assets. Currently, only residents of Australia can transfer supported cryptoassets to the TBanque Money crypto wallet.
  • Leveraged and SELL (short) crypto trades are CFDs.

 

Clients of TBanque (Seychelles) Ltd:

  • From 3 April 2022, non-leveraged BUY (long) crypto trades are secured with real assets.
  • Leveraged and SELL (short) crypto trades are CFDs.

 

Residents of France and French territories (French Guiana, French Polynesia, Guadeloupe, Martinique, Mayotte, New Caledonia, Reunion Island, Saint Martin, Wallis and Futuna):

  • Non-leveraged BUY (long) crypto trades are secured with real assets.
  • Leveraged and SELL (short) crypto trades are CFDs.
  • All crypto trades opened between 31 January 2021 and 13 June 2022 are CFDs.
 

Residents of Belize, Brunei, Egypt, El Salvador, Estonia, Guatemala, Honduras, Jordan, Mongolia, Nepal, Paraguay, Qatar, Saint Lucia, Serbia, Suriname:

  • All crypto trades are CFDs.