Posts

Swiss bank plans to provide Bitcoin trading and custody

avatar of @joetunex
25
@joetunex
·
0 views
·
1 min read

Source

Basler Kantonalbank a Swiss bank plans to provide Bitcoin trading in 2021. Switzerland have been a crypto friendly nation but news like banks providing Bitcoin trading and custody sound unreal, the reality though is it happening, the virus is spreading. Cryptocurrency is growing and spreading day in day out.

With over 27.305 billion Swiss francs ($29.622 bln) worth of assets under its management, Basler Kantonalbank is a government-owned banking giant that will be offering cryptocurrency trading and custodial services next year via its Bank Cler subsidiary. Source

This is bullish for cryptocurrency, the banks at some stage are going to come out of the closet over cryptocurrency, not to fully embrace it off course but get involved so as no to be left behind on cryptocurrency that is here to stay.
You can't beat them join them kind of situation here.

With the banks though, there is always a hidden agenda, they have managed to create a reputation not to be trusted. I suppose most crypto enthusiasts will still prefer to store and trade their cryptocurrencies themselves.

Not to to say we are not going to see significant numbers that will use the banks to trade and store cryptocurrency, there should be some high numbers embracing that route into crypto investments.
Either way I see it as a positive one for cryptocurrency as the virus spreads on.

We owe it to ourselves to make Hive great