Santander offers Bitcoin, ETH trading for Swiss account holders: Report


20 Nov 2023 11:36 AM

According to the report, Santander launched the BTC and ETH trading services upon request from clients through relationship managers....

  • Banco Santander's international arm has launched a new service allowing clients with Swiss accounts to invest in and trade Bitcoin (BTC) and Ether (ETH).
  • The service will initially offer trading for BTC and ETH, with plans to introduce other cryptocurrencies in the future.
  • Santander launched the service in response to client requests through relationship managers.
  • The bank will hold the private cryptographic keys of the tradable assets in a regulated custody model.

The sentiment of the article is generally positive, as it highlights the expansion of services by Banco Santander to include cryptocurrency trading based on client demand.

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You May Ask

What new service has Banco Santander's international arm launched?Which cryptocurrencies are initially available for trading through the service?Why did Santander launch the crypto trading services?How will the bank ensure the security of the tradable assets?What other German bank recently obtained a crypto custody license?

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