177-Year-Old Swiss Bank Bordier to Offer Bitcoin and Other Crypto Trading Ser...
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....
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Bordier & Cie partners with digital asset bank Sygnum to offer crypto trading to clients. Bordier & Cie, a Swiss financial institution operating for more than 170 years, has announced a partnership with digital asset bank Sygnum to allow its customers to purchase crypto assets. The integration with Sygnum’s business-to-business banking platform allows Bordier’s clients to purchase Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), and Tezos (XTZ). The announcement describes the move as “lay[ing] the foundation for a broader offering of regulated digital asset products and services,” including....
The UBS chief said the bank continues to urge caution when it comes to crypto exposure for its clients. Ralph Hamers, CEO of Swiss bank UBS, has said he does not fear missing out on crypto. Speaking to Bloomberg on Tuesday, Hamers said, “Clients are looking at different alternatives, and they hear about crypto, and there is a bit of a fear of missing out as well. They read it in the papers, but they also see the volatility.”Commenting on the bank’s approach to providing exposure to crypto for its wealth management clients, the UBS CEO stated:“We don’t offer it actively […] We feel that....
Swiss-based bank and financial services provider UBS Group AG looks to be the next to enter the fold. Reports released to start the week state that the banking behemoth is considering several different alternatives to offer digital currency investments. UBS Joins The Club The news comes not long after major US-based firms, such as Goldman […]
The Swiss firm plans to expand into the Middle East and Asia and offer services for U.S. institutional clients.
The banking arm of the Swiss post office and fifth largest Swiss retail bank is set to launch bitcoin trading and custody services by 2024.