Banks Julius Baer and Seba Bank AG launched a service for storage and trading of cryptocurrencies

The Swiss bank Julius Baer together with the regulated cryptocurrency bank Seba Bank AG presented a service fortrade and storage of crypto assets.

Julius Baer says he is partnering with Seba withlast February, however, the launch of the platform on the blockchain was to take place only after Seba received permission to conduct securities transactions and a banking license from the Swiss financial market supervision authority (FINMA), which happened in August.

The other day, Julius Baer announced his readiness to entercryptocurrency industry, specifying that it uses the platform and capabilities of Seba for this. Now Julius Baer offers its customers in Switzerland the safe storage of digital assets, solutions for transactions with cryptocurrencies, as well as a general analysis of the portfolio of traditional and digital assets. At the same time, the bank added that it can support the main cryptocurrencies, depending on their liquidity, security and resistance to technical errors, but did not say which digital assets it began to work with.

Autumn head of research and investmentat Julius Baer, ​​Christian Gattiker-Ericsson stated that cryptocurrencies are still at a “natural selection” stage, and to successfully implement cryptocurrencies, they must have the same level of trust as fiat currencies.

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