Fun

177-Year-Old Swiss Bank Bordier to Offer Bitcoin and Other Crypto Trading Services

News Feed - 2021-02-27 05:02:13

177-Year-Old Swiss Bank Bordier to Offer Bitcoin and Other Crypto Trading Services


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.”


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 continues its 177-year tradition of safeguarding clients’ wealth for future generations by offering the ‘next generation’ of assets to its clients. Bordier’s timeless values and Sygnum Bank’s vision for Future Finance is a powerful combination in the changing financial landscape.


Bordier & Cie SCmA praised the total crypto market capitalization during the announcement, which increased almost four-fold in 2020. The Swiss bank also added: In a portfolio context, cryptocurrencies’ high-growth and low-correlation to traditional assets makes them a powerful tool to enhance diversification and achieve superior risk-adjusted returns. Bitcoin, in particular, which many see as the new “digital gold” due to its ability to hedge against inflationary pressure, has seen strong institutional adoption as an alternative investment.


What do you think about this announcement coming from Switzerland? Let us know in the comments section below. Simplex and Skrill Broaden Cryptocurrency Convenience by Launching New Onramp Solutions FINANCE | 24 hours ago Square Adds $170 Million More in Bitcoin to Balance Sheet — Company Now Holds 5% of Total Cash Reserves in BTC FINANCE | 2 days ago Tags in this story Bordier Bank, Europe, swiss bank, swiss bank crypto, Switzerland, switzerland cryptocurrency, Sygnum bank


Image Credits: Shutterstock, Pixabay, Wiki Commons Purchase Bitcoin without visiting a cryptocurrency exchange. Buy BTC and BCH here. 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. Read disclaimerShow comments

News Feed

Value Locked in Defi Slips 5% in 24 Hours, AMM and Rebase Tokens Take Double-Digit Losses
Value Locked in Defi Slips 5% in 24 Hours, AMM and Rebase Tokens Take Double-Digit Losses Since mid-November the total value locked (TVL) in decentralized finance (defi) has slid f
Biggest Movers: QNT Climbs 10%, as ALGO and RUNE Rise Higher
Biggest Movers: QNT Climbs 10%, as ALGO and RUNE Rise Higher QNT climbed over 10% during today’s session, as RUNE and ALGO both rose by as much as 15% on Friday. This comes
Binance US Refutes Reports Comparing It to Fraudulent Crypto Exchanges
Binance US Refutes Reports Comparing It to Fraudulent Crypto Exchanges Binance US has refuted reports that draw parallels between it and “fraudulent exchanges that have gone
Bitgo Plans to Launch Wrapped Bitcoin on the Tron Blockchain
Bitgo Plans to Launch Wrapped Bitcoin on the Tron BlockchainSoon there will be another network that allows people to tokenize BTC in order to leverage the underlying blockchain&rsqu
Singapore flags digital payment tokens as high-risk in AML landscape
Amaka Nwaokocha3 hours agoSingapore flags digital payment tokens as high-risk in AML landscapeSingapore said digital payment token service providers, also known as virtual asset service providers, stand out as a high-ris
Marcel Pechman4 hours agoInterest rate hikes may pause very soon — Here’s whyThis week, The Market Report discusses Bitcoin’s recent price action and the upcoming FOMC meeting, where some speculate interest rates m
Zhiyuan Sun14 hours agoBitget exec discusses limitations and benefits of CTA AI trading botThe bot is the third in a series of AI-trading initiatives launched this year.412 Total views20 Total sharesListen to article 0:0
California’s GroundBreaking SB-206 Bill Pits Tim Tebow Against LeBron James
Star athletes are having differing views over California"s SB-206 ruling. | Source: Shutterstock, Getty; Edited by CCNThe California legislature has passed an earth-shattering bill
Martin Young5 hours agoAvalanche’s HyperSDK blockchain upgrade hits 143K TPS on testnetAva Labs is testing a high-throughput framework that will enable developers to build their own virtual machines.2507 Total views18
Billboard and Universal Music Group Partner to Launch Flow-Based NFT Collectibles
Billboard and Universal Music Group Partner to Launch Flow-Based NFT Collectibles On March 2, the global music media brand Billboard announced the firm has partnered with Universal
Nigerian official advocates blockchain, AI against illicit financial flows
Amaka Nwaokocha59 minutes agoNigerian official advocates blockchain, AI against illicit financial flowsThe financial watchdog chair said that if recovered, the funds could significantly enhance infrastructure, healthcare
Is Bitcoin Bull Run Back? Daily RSI Shows Only Mild Bullish Momentum
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu