First announced last December, BBVA Switzerland opens its digital asset offering to private banking clients on Monday. Initially, it provides trading and custody for bitcoin with plans to add other cryptocurrencies.
“This gradual roll-out has allowed BBVA Switzerland to test the service’s operations, strengthen security and, above all, detect that there is a significant desire among investors for crypto-assets or digital assets as a way of diversifying their portfolios, despite their volatility and high risk,” said Alfonso Gómez, CEO of BBVA Switzerland.
One of the main advantages the bank is promoting is the ability to see bitcoin holdings in its investment app alongside other conventional investments. Another claimed benefit is the ability to sell bitcoin ‘without delays’.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
