[2017-07-14] Swissquote Joins Bitcoin Club

[White sugar]

Swissquote is expanding its product portfolio and will offer its clients the opportunity to invest in bitcoin, the second Swiss banking institution to make such trading possible within a week. For this purpose, the company has reached an agreement with a European fintech  leader.

Bitcoin is making inroads in Swiss banking. Shortly after Falcon Private Bank paved the way for bitcoin trading, another established institute is following suite: Online bank Swissquote now also offers its customers the chance to invest in the crypto currency. Swissquote has agreed to a cooperation with Luxembourg-based Bitstamp, the company said in a statement today.

Bitstamp is the first exchange platform to have received a license for bitcoin trading from the European Union.

Fees to Depend on Investment Volume

Investors will be able to exchange euros or dollars into bitcoins via their trading account on Swissquote’s platform. The minimum amount for exchange is $5 or 5 euros, the maximum $100,000 or 100,000 euros.

Swissquote charges a fee that is dependent on the size of transaction and will range from 0.5 to 1 percent of the invested sum.

http://www.finews.asia/finance/25052-swissquote-embraces-bitcoin-trading

[1714043273]

1714043273

[CryptoBry]

And I think we should see some more other Swiss-based banks to be finally including Bitcoin in their investment portfolio offering. I am sure these banks already know that there is really money to be made in here and so they want to be the pioneers and be leaders in the Bitcoin expansion in this country.

Switzerland is considered to be a safe haven for many wealthy people because of its secretive banking laws. I am definite that under this environment Bitcoin can well be received and flourish at the same time.