Bordier Bank, Europe, swiss bank, swiss bank crypto, Switzerland, switzerland cryptocurrency, Sygnum bank

A 177-year-old bank in Switzerland has enabled cryptocurrency trading within its services, with expectations to expand. Bordier & Cie SCmA added bitcoin and other cryptos to its list of services by partnering with a well-known domestic crypto player.

Bordier Customers Can Also Buy and Hold Other Cryptos

According to the announcement, the Swiss bank, founded in 1844, argued that a surge in demand from their clients encouraged them to include cryptocurrencies. Bordier & Cie SCmA management believes that they needed to diversify into “alternative asset classes such as digital assets.â€

Bordier partnered with Sygnum Bank, one of the first Swiss crypto banks, to support the infrastructure management behind the crypto’s offering. It includes the custody of the private keys to control access to the cryptocurrencies and connect with liquidity providers.

With the new service, Bordier’s clients will have the possibility to buy, trade, and hold digital assets such as bitcoin (BTC), Ethereum (ETH), bitcoin cash (BCH), and tezos (XTZ). However, the banking institution seeks to expand further the offering.

Bitcoin Is the ‘New Digital Gold’

Mathias Imbach, Sygnum Bank’s Group CEO, commented on the implications that the announcement has for the current financial’s environment:

Bordier & Cie SCmA praised the total crypto market capitalization during the announcement, which increased almost four-fold in 2020. The Swiss bank also added:

What do you think about this announcement coming from Switzerland? Let us know in the comments section below.

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Du lịch nhật bản, hướng dẫn du lịch Nhật và đánh giá địa điểm Nhật Bản Japan travel news, japan travel guides, japan holiday destinations and japan reviews

RELATED NEWS

Crypto Payments App Bottlepay Is Now Available Across Europe

U.K.-based crypto payments provider Bottlepay has started offering services in other European countries. Users on the Old Continent will be able to send and receive even small amounts of euro and also buy, store and spend bitcoin with merchants accepting cryptocurrency. Bottlepay Promises Low-Cost Transactions in Euro and Bitcoin The Bottlepay app will allow Europeans […]

Xem chi tiết: Crypto Payments App Bottlepay Is Now Available Across Europe

21shares to Launch Bitcoin ETP for Institutional Investors in the UK

Switzerland-based 21shares announced it’s going to offer its crypto exchange-traded product (ETP) to institutional investors in Britain. The platform said the aim is to provide U.K. investors with exposure to bitcoin without the need to deal with crypto custody and security. New Bitcoin ETP to Be Offered on London-Based Aquis Exchange The 21shares bitcoin ETP […]

Xem chi tiết: 21shares to Launch Bitcoin ETP for Institutional Investors in the UK

21shares to Launch Bitcoin ETP for Institutional Investors in the UK

Switzerland-based 21shares announced it’s going to offer its crypto exchange-traded product (ETP) to institutional investors in Britain. The platform said the aim is to provide U.K. investors with exposure to bitcoin without the need to deal with crypto custody and security. New Bitcoin ETP to Be Offered on London-Based Aquis Exchange The 21shares bitcoin ETP […]

Xem chi tiết: 21shares to Launch Bitcoin ETP for Institutional Investors in the UK

Amundi Executive Pascal Blanque Calls Cryptocurrencies a Farce

Pascal Blanque, CIO of Amundi, one of the biggest asset managers in Europe, has stated that bitcoin and other cryptocurrencies are a farce, exposing its skeptical stance on the real value of cryptocurrencies. The investor stated that crypto assets are an expression of markets making bubbles and that investors should focus on other more logical […]

Xem chi tiết: Amundi Executive Pascal Blanque Calls Cryptocurrencies a Farce

ECB: Digital Euro to Boost Global Appeal of European Money, Fight ‘Artificial Currencies’

The digitization of traditional currencies like the euro has the potential to increase their international appeal, the European Central Bank says in a new report. A failure to offer a digital currency would endanger financial stability, ECB warns. The regulator is concerned about the prospect of tech giants dominating payments through their “artificial currencies.†Eurozone’s […]

Xem chi tiết: ECB: Digital Euro to Boost Global Appeal of European Money, Fight ‘Artificial Currencies’

Best Goal Scorer at Euro Soccer Championship to Get NFT Trophy From Gazprom

The player with the best goal at Europe’s international soccer championship this summer will be awarded a special prize. European football’s governing body, UEFA, and the tournament’s sponsor, Russia’s Gazprom, are behind the initiative to present the winner with an NFT trophy. UEFA, Gazprom to Award Best Goal Prize at Euro 2020 The unique prize […]

Xem chi tiết: Best Goal Scorer at Euro Soccer Championship to Get NFT Trophy From Gazprom

Best Goal Scorer at Euro Soccer Championship to Get NFT Trophy From Gazprom

The player with the best goal at Europe’s international soccer championship this summer will be awarded a special prize. European football’s governing body, UEFA, and the tournament’s sponsor, Russia’s Gazprom, are behind the initiative to present the winner with an NFT trophy. UEFA, Gazprom to Award Best Goal Prize at Euro 2020 The unique prize […]

Xem chi tiết: Best Goal Scorer at Euro Soccer Championship to Get NFT Trophy From Gazprom

Spanish Regulator Issues Guidelines for Fund Managers Planning to Invest in Cryptocurrencies

The Spanish financial regulator is easing the entity’s tough stance towards cryptocurrencies by announcing an unprecedented measure that green lights institutional investors to enter into such business decisions. The National Securities Market Commission (CNMV) unveiled guidelines that approve institutional crypto investment under certain conditions. Fund Managers Should Specify ‘High Risks’ of Cryptos in Marketing Resources […]

Xem chi tiết: Spanish Regulator Issues Guidelines for Fund Managers Planning to Invest in Cryptocurrencies

Bosnia and Herzegovina Is Preparing a Draft Bill to Regulate Cryptocurrencies

Bosnia and Herzegovina Is Preparing a Draft Bill to Regulate Cryptocurrencies

El Corte Ingles Files for a Crypto-Related Trademark to Provide ‘Financial Services’

Swiss SEBA Bank Dives Into Defi Expanding Its Offering With 3 Tokens

Spain to Share Data of Users From Domestic Crypto Businesses With European Union Countries

ECB Deepens Analysis of Digital Euro, Decision Expected by Mid-Year, VP Confirms

Spanish Healthcare Group to Accept Cryptocurrency Payments, Citing Interest in ‘Bitcoin Revolution’

Two Major Hotels in Touristic Spanish City to Accept Crypto Payments in the Wake of Covid-19 Crisis

Other Articles