Saturday , January 29 2022
Home / SNB & CHF / BBVA Switzerland Adds Ether to Its Crypto Trading Service

BBVA Switzerland Adds Ether to Its Crypto Trading Service

Summary:
BBVA Switzerland, the Swiss franchise of Spanish multinational financial institution BBVA, has expanded its cryptocurrency custody and trading service with the addition of Ether to its investment portfolio. Its private banking clients and new gen customers will now have access to both Bitcoin and Ether, a statement from the company said. These digital assets can be viewed along with other traditional investments on BBVA’s app, and can automatically be converted to euros, dollars or any fiat currency. According to BBVA Switzerland, this move makes it the first traditional bank in Europe to incorporate Ether into its service. The crypto asset service went live for all customers in June last year. BBVA Switzerland aims to continue expanding its portfolio of digital

Topics:
Fintechnews Switzerland considers the following as important: , , , , , ,

This could be interesting, too:

Justin Low writes SNB says successfully tested use of digital currency to settle transactions with top investment banks

Cash writes SNB erwartet für 2021 Jahresgewinn von 26 Mrd. Franken

Swiss National Bank writes BIS, SNB and SIX successfully test integration of wholesale CBDC settlement with commercial banks

Swiss National Bank writes Swiss National Bank expects annual profit of around CHF 26 billion for 2021

BBVA Switzerland Adds Ether to Its Crypto Trading Service

BBVA Switzerland, the Swiss franchise of Spanish multinational financial institution BBVA, has expanded its cryptocurrency custody and trading service with the addition of Ether to its investment portfolio.

Its private banking clients and new gen customers will now have access to both Bitcoin and Ether, a statement from the company said.

These digital assets can be viewed along with other traditional investments on BBVA’s app, and can automatically be converted to euros, dollars or any fiat currency.

According to BBVA Switzerland, this move makes it the first traditional bank in Europe to incorporate Ether into its service.

The crypto asset service went live for all customers in June last year.

BBVA Switzerland aims to continue expanding its portfolio of digital assets in the coming months.

The new service is currently available in Switzerland, and expansion to new countries or customer groups will depend on market conditions in terms of maturity, demand and regulation.

“We decided to add ether to our crypto asset ‘wallet’ because, together with bitcoin, they are the protocols that spark the most interest among investors, while also offering all the guarantees to comply with regulation,”

said Alfonso Gómez, CEO of BBVA Switzerland.

Featured image: Photo by DrawKit Illustrations on Unsplash


Tags: ,,,,

Leave a Reply

Your email address will not be published. Required fields are marked *