August 6, 2020

Another Swiss bank introduces crypto services

The Swiss bank Arab Bank Switzerland will allow its affluent customers to trade and store cryptocurrency bitcoin and ethereum. The Taurus crypto start-up will help with this financial institution.

Arab Bank Switzerland will offer customers BTC and ETH

Swissinfo reports that Arab BankSwitzerland will begin to provide its wealthy customers with "new digital services." In particular, the financial institution will offer custodial and brokerage services for the two largest cryptocurrencies by market capitalization - bitcoin and ethereum.

The bank plans to store assets on the Taurus blockchain startup platform.

According to the financial institution, “blockchain will redraw the financial industry”, and therefore the bank wants to be one of the first to offer customers access to “safe and regulated” crypto assets.

  • Taurus is already collaborating with the Swiss bank Bank Vontobel. The startup also provides him with services for the safe storage of crypto assets
  • On September 18, the American bank Wells Fargo announced the testing of a blockchain platform with stablecoin for domestic international transfers