Swiss Bank To Bring More Investors To Bitcoin/USD Trading
A product has just been launched which enables Swiss investors who expect a positive development in the Bitcoin price to trade transparently on the SIX Swiss Exchange for the first time. This is from the Swiss bank Vontobel who manage and monitor a client’s assets entrusted to it. It also observes the financial markets and interprets global macroeconomic developments, as it becomes the first Swiss issuer of a tracker certificate on Bitcoins for subscription. The Vontobel certificate on Bitcoin in USD is a classic tracker certificate (SSPA: 1300) which offers investors a simple means of....
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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.
Despite its volatility, Bitcoin has been the best performing currency in the world for 5 of the past 6 years. The rapidly increasing value of the digital currency and its decentralized nature have led it to be considered as the global safe asset for investors and traders. For decades, Swiss bank accounts were the ideal global asset for most entrepreneurs and investors, due to its anonymity and privacy. Prior to the formation of a contract between the EU and Switzerland, anyone could open Swiss bank accounts, store funds and be free of all tax obligations. The end of the Swiss banks era.....
After the launch of its product for Swiss investors, who expect a positive development in the price of Bitcoin to trade transparently on the SIX Swiss Exchange for the first time, Swiss bank Vontobel has extended its certificate on Bitcoin to Germany and Austria. According to Heiko Geiger, its head of public distribution Europe, the tracker certificate offers investors a simple means of investing in the digital currency and the possibility to participate in the development of its price in USD, without having to own Bitcoins themselves. He says to Cointelegraph: “We see a huge interest in....
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....
Switzerland’s central bank, the Swiss National Bank, says buying and holding bitcoin as a reserve currency is not a problem for the bank. “We can arrange the technical and operative conditions relatively quickly, when we are convinced we must have bitcoin in our balance sheet,” the chairman of the Swiss central bank reportedly explained. Switzerland’s Central Bank on Buying and Holding Bitcoin as a Reserve Currency The Swiss National Bank could buy and hold bitcoin as a reserve currency if the cryptocurrency meets the bank’s currency reserves....