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Crypto Reporter

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Swissquote Bank to provide crypto depository service 

March 14, 2019 By Crypto Reporter

The bank’s clients will be able to transfer digital money from external wallets to a Swissquote account and vice versa.

Swissquote, specialising in the provision of online financial and trading services, is launching a cryptocurrency custody service starting March 21, when clients could transfer funds from external wallets to their Swissquote account and vice versa.

The bank will also provide a fully integrated trading platform for private and institutional clients alike. Trading digital money at Swissquote has been possible since mid-2017.

The project will be implemented by using services of a Swiss startup, Crypto Storage AG, a subsidiary of Crypto Finance AG, which offers a proprietary infrastructure solution to manage private keys.

Earlier, another Swiss financial institution, Dukascopy Bank, launched its own cryptocurrency. It had airdropped Dukascoin tokens a day before Japanese Mizuho Bank introduced its stablecoin.

More news:

  • BlackRock to offer crypto trading service
    BlackRock to offer crypto trading service
    February 11, 2022
  • Nasdaq to launch crypto custody service for institutional investors
    Nasdaq to launch crypto custody service for institutional investors
    October 1, 2022
  • Tanzania's president urges central bank to prepare for crypto
    Tanzania's president urges central bank to prepare for crypto
    June 30, 2021
  • Southeast Asia’s largest bank DBS expands its crypto business
    Southeast Asia’s largest bank DBS expands its crypto business
    August 17, 2021
  • The oldest bank in Brazil enables customers to pay taxes with crypto
    The oldest bank in Brazil enables customers to pay taxes with crypto
    February 14, 2023
  • Bank of America strategist says the metaverse is a massive opportunity for crypto space
    Bank of America strategist says the metaverse is a massive opportunity for crypto space
    December 8, 2021

Filed Under: General News, News Tagged With: cryptocurrency, news, Swissquote

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