One of the major Swiss banks now offers cryptocurrency trading

Bordier & Cie, a Swiss financial institution operating for over 170 years, has announced a partnership with digital asset bank Sygnum to enable its clients to buy cryptocurrencies.

Integration with Sygnum’s business-to-business banking platform enables Bordier clients to purchase cryptocurrencies Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), and Tezos (XTZ).

The announcement describes the move as “laying the foundation for a broader offering of regulated digital asset products and services,” including options and tokenized asset classes. Bordier Managing Partner Evrard Bordier said:

“By partnering with Sygnum Bank, we are providing our clients with a single, integrated solution, while allowing them to invest in this new high-growth asset class with complete confidence.”

Bordier noted that the measure is due to the growing demand from clients seeking to diversify their portfolios with new assets. The company emphasized the lack of correlation between cryptocurrencies and mainstream financial markets, and described crypto assets as a “powerful tool to enhance diversification and achieve superior risk-adjusted returns.”

Bordier & Cie is a Geneva-based private bank, founded in 1884, which has been owned and managed by the Bordier family for five generations. The bank’s introduction to cryptocurrencies follows that of many other large institutions looking to adopt cryptocurrencies in 2021.

Don’t stop reading:

Source link