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One of Switzerland’s leading banks now proposes crypto trading
Bordier & Cie, a Swiss financial institution operating for more than 170 years,
has declared openly a partnership with digital asset bank Signum to enable its customers to shop crypto assets.
The development of Sygnum’s business-to-business banking outlet,
allows Bordier’s clients to purchase Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), and also Tezos (XTZ).
The declaration describes the move as
“laying the foundation for a broader grant of regulated digital asset products and services,”
involving alternatives and tokenized asset categories. Bordier managing partner Evrard Bordier said:
“By partnering with Signum Bank, we are giving our clients a one-stop, integrated answer
while authorizing them to invest in this new, high growth asset class with unconditional trust.”
Bordier remarked the move was steered by rising demand from clients looking to modify their portfolios with fresh assets.
The firm underscored the lack of correlation between the cryptocurrency and mainstream financial markets,
This characterizes crypto assets like a “powerful tool to improve diversification and also superior risk-adjusted returns.
also the bank’s introduction to crypto follows that of many other large institutions looking to adopt cryptocurrency in 2021.