The cryptocurrency industry has been gaining traction across the globe. Bitcoin [BTC], Ethereum [ETH], and an array of currencies were seen skyrocketing. All these assets were finding a place in several platforms all over the world. Several mainstream companies were seen diving into the crypto shores.
Traditional and centralized systems were also getting on par with the existing trend. A 177-year-old Swiss bank seems to be the latest to jump onto the crypto bandwagon.
Bitcoin Gets Back In Action
The driving demand for cryptocurrencies has forced platforms to onboard these digital assets onto their systems. Following a similar trend, Bordier & Cie SCmA revealed that cryptocurrencies were the latest addition to their services list. This would allow its users to trade cryptocurrencies as well as buy and hold them. Currently, the bank has added support to Bitcoin [BTC], Ethereum [ETH], Tezos [XTZ], and Bitcoin Cash [BCH].
The bank in its press release stated,
“We have seen increasing demand from our clients to diversify into alternative asset classes such as digital assets.”
The bank intends to incorporate Sygnum’s B2B banking platform to allow users to make use of the digital assets offered by the platform.
Bitcoin, at the time of writing, was seen trading for $51,526 and its market cap was once again trying to make it past $1 trillion. BTC witnessed a five-fold increase within a period of three months. This undoubtedly steered heads and Bordier & Cie SCmA seems to be making the right use of its resources.
Elaborating on the same, the managing partner of Bordier & Cie’s SCmA, Evrard Bordier said,
“We have seen increasing demand from our clients to diversify into alternative asset classes such as digital assets. By partnering with Sygnum Bank, we are providing our clients* with a one-stop, integrated solution while empowering them to invest in this new, high growth asset class with complete trust.”
The bank’s latest move could even spruce up the adoption of Bitcoin and other cryptocurrencies.