When it comes to the adoption of cryptocurrencies, Switzerland has become one of the friendliest and most welcoming countries in the entire world. The country had adopted cryptocurrencies and blockchain technology even before 2020.
Over the course of time, the country has become a hub for the entire cryptocurrency/blockchain sector. Many cryptocurrency exchanges from around the world have their offices based in the country. There are many crypto-exchanges that have started offering their crypto-services in the entire world from Switzerland.
Even when countries from all over the world were considering the option of adopting blockchain technology, Switzerland had already started working on the Central Bank Digital Currency (CBDC) project.
Following the developments in the crypto-sector, one of the leading banks from Switzerland has launched a new service for the users. The announcement made by the leading bank has frenzied the entire population in the country. It is yet another achievement that has been made by the financial sector from Switzerland in the cryptocurrency sector.
Bordier & Cie has announced that the users and customers using the services through the bank will be able to purchase cryptocurrencies through this platform.
The Bordier & Cie is one of the leading financial institutions in Switzerland and is known for serving its customers and consumers for more than 170 years.
The firm reported that it has successfully integrated the cryptocurrency trading service through the platform. With the help of the new integration, the users will now have the ability to buy and sell cryptocurrencies.
As per sources, Bordier & Cie has managed to achieve this milestone with joint collaboration of a digital asset bank. The name of the digital asset bank that Bordier & Cie has partnered with is Sygnum that is popular in the entire country for providing crypto-solutions to the citizens.
In the initial phase, the users at Bordier & Cie will have a limited number of cryptocurrencies that they would be able to purchase. For now, the platform would only allow the customers to purchase 4 different kinds of cryptocurrencies. The names of the cryptocurrencies include Ether (ETH), Bitcoin (BTC), Tezos (XTZ), and Bitcoin Cash (BCH).
Following the launch of the new service, the bank has also stated the goal it aims to achieve by launching the crypto-purchasing platform.
The bank aims to provide its clients/users with a wide range of products and assets that belong to the digital/virtual universe. This process would eventually turn out to be extremely for both the clients as well as the company.
However, the bank wants to ensure that there are no risks and possible losses involved. This is the reason why the bank wants to adopt and offer digital assets that are regulated and authorized to be offered.