April 19, 2024
Swiss Bank SEBA Introduces Bitcoin and Ether Trading
Latest Cryptocurrency News

Swiss Bank SEBA Introduces Bitcoin and Ether Trading

Switzerland’s St.Galler Kantonalbank (SGKB) has entered the cryptocurrency market by teaming up with SEBA, a global cryptocurrency-focused bank. SGKB, one of the largest banks in Switzerland, is now offering Bitcoin and Ether trading to its customers, along with digital asset custody and brokerage services.

This new crypto service is already available to selected SGKB customers, with plans to expand to additional cryptocurrencies based on client demand. SGKB, a major Swiss regional bank with a history dating back to 1868, aims to allow its customers to seamlessly access cryptocurrencies within their investment portfolios.

SGKB’s head of market services, Falk Kohlmann, expressed their enthusiasm, stating, “We are pleased to offer a select client base access to digital assets and the digital economy.” The partnership with SEBA Bank, a global Swiss-regulated bank, marks SGKB’s first foray into the digital asset industry.

SEBA is known for its expertise in managing, investing, and storing cryptocurrencies, as well as nonfungible tokens and other assets. It obtained a banking license from the Swiss Financial Market Supervisory Authority in 2019 and has actively onboarded crypto services for major private and retail banks, including LGT Bank Liechtenstein and Bank Julius Baer.

The Swiss crypto ecosystem has been evolving rapidly, with numerous local banks introducing cryptocurrency services. In September 2023, Dukascopy Bank, a licensed Swiss bank, launched its crypto-enabled services, such as marginal trading and online retail banking accounts, emphasizing the continued significance of cryptocurrencies in today’s world.

Image by frimufilms on Freepik

Related posts

Iris Energy’s Striking Growth: Plans Unveiled for 10 EH/s Hash Rate by 2024

Kevin Wilson

BlackRock Hits $10.5T Record in Q1 Assets

Bran Lopez

Insider Trading Allegations Shake Reddit’s Moon Token Ecosystem

Chloe Taylor

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More