March 28, 2024

177-year-old Swiss bank opens cryptocurrency trading for clients

Clients Bordier & Cie SCmA can now conduct transactions with Bitcoin, Ethereum, Bitcoin Cash and Tezos using the infrastructurebanking platform Sygnum B2B.

Swiss bank Bordier & Cie SCmA,founded in 1844 and catering to wealthy clients, gave them access to trading Bitcoin and other cryptocurrencies. To do this, he began to cooperate with the Sygnum B2B platform, which has an infrastructure for trading. Working with clients and consulting is left to Bordier & Cie SCmA. The bank's message to customers said that they can now trade and store Bitcoin, Ethereum, Bitcoin Cash and Tezos.

Against the backdrop of Bitcoin capitalization growing to $1 trillionThe bank's management recorded an increase in investor interest in cryptocurrency. Managing partner of Bordier & Cie SCmA Evrard Bordier. Previously, other Swiss banks had already started working with cryptocurrencies: Maerki Baumann & Co., InCore Bank, Basler Kantonalbank, Julius Baer.

Sygnum B2B banking platform providesan integrated digital asset solution that includes not only technical infrastructure, but also regulatory compliance when making transactions with cryptocurrencies.

Earlier, the oldest began to work with cryptocurrencyBank of the USA Bank of New York Mellon. The company is developing a special platform that will allow transactions with digital money in the same way as with traditional assets.

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