Crypto Adoption Boost: One Of The Largest Banks In Switzerland Rolls Out Crypto Trading Services

The mainstream adoption of crypto assets has been one of the main goals that the crypto industry has set. There have been a lot of moves made in this direction, and they will definitely continue.

Now, it’s been reported that Bordier & Cie SCmA, one of Switzerland’s oldest banking institutions, now provides crypto trading services.

In a new statement, Bordier stated that it is partnering with Sygnum Bank in order to incorporate its B2B banking platform into the firm’s infrastructure.

According to the latest reports coming from the Daily Hodl, the integration allows Brodier clients to buy, hold and trade crypto assets on an execution-only basis – this means that Sygnum will be providing a platform for trading and storing crypto and will not be offering financial advice to clients who choose to use its digital asset service.

Bordier currently supports trading for Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and Tezos (XTZ).

Growing demand for digital assets

According to the reports coming from the online public nation, the Daily Hodl, the Swiss private bank founded in 1844, makes its announcement amid growing client demand for digital assets.

It’s important to note that this is a sector that has grown from a roughly $200 billion asset class to a $1.5 trillion asset class in just a year.

Bordier managing partner, Evrard Bordier, stated the following:

“We have seen increasing demand from our clients to diversify into alternative asset classes such as digital assets. By partnering with Sygnum Bank, we are providing our clients with a one-stop, integrated solution while empowering them to invest in this new, high growth asset class with complete trust.”

Check out the official notes in order to learn more details about this whole interesting issue.

In the official notes, they posted: “Cryptocurrencies have gained significant momentum in the past year, with total market capitalisation increasing almost fourfold to reach USD 1 trillion – making it the best-performing asset class in 2020. “

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I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.
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