Swissquote announces the extension of the crypto service for its customers from 21st March. While previously only the trade with the Top 5 was possible, customers should be able to safe deposit crypto assets with Swissquote and transfer them to wallets as of the end of March. The service is aimed at both institutional and private investors.
The Swiss bank Swissquote is not an empty hand in terms of Bitcoin & Co. Finally, the financial house based in Gland has been offering a trading platform since mid-2017. Since then, the finance company has been working continuously on expanding the service.
As the online bank announces, Swissquote is now going one step further. According to a press release, as of March 21, customers can withdraw crypto assets from the bank’s depositary at will and deposit them on their own wallet – and vice versa.
Security infrastructure improved
Crypto asset custody is considered tricky. Because as an owner, only the one who has the private keys to Bitcoin & Co. can be defined. So should customers choose to put their digital assets in the hands of Swissquote, they should be able to rely on their deposits being secured. For this purpose, the bank cooperates with Crypto Storage AG.