Swiss bank announces bitcoin and altcoin service!

Bordier & Cie SCmA, a Swiss-based private bank founded in 1844; now offers trading in Bitcoin (BTC) and other cryptocurrencies.

Bordier partnered with Sygnum Bank for the crypto startup. This means that Sygnum’s B2B banking solution is integrated with Bordier’s internal infrastructure.

The integration allows Bordier’s clients to trade cryptocurrencies with pure execution fidelity. This means that Sygnum will not advise Bordier’s clients on digital assets, but merely provide them with a platform to buy and sell cryptocurrencies.

Bordier’s managing partner Evrard Bordier, the bank; He said he has seen growing demand from his clients to invest in cryptocurrencies and diversify their portfolios.

The bank’s official statement includes the following terms:

“Border customers can now buy, hold and trade cryptocurrencies such as Bitcoin, Ethereum, Bitcoin Cash and Tezos on escrow form. . A variety of investments can be made through Sygnum’s suite of digital asset management assets.

The Total Market Value of Cryptocurrencies Almost Quadruple in 2020; has made this space a powerful tool for diversifying top-performing asset classes and portfolios. This also increased customer demand.

In less than 60 days, Bordier was able to fully integrate Sygnum’s B2B banking platform and offer its clients seamless access to digital assets.”

Swiss institutions active in Bitcoin and cryptocurrency

In the recent past, several state or private banks in Switzerland have become involved in the crypto space. Maerki Baumann & Co., InCore Bank, Basler Kantonalbank, Julius Baer and others are among the institutions that deal with cryptocurrencies and serve this purpose.

Also, as we previously reported as , taxes can be paid with bitcoin and various other cryptocurrencies in the Swiss canton of Zug. In fact, this region of Switzerland is called the “Crypto Valley”.

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