RATE Group | Maerki Baumann enables trading and custody of cryptocurrencies
89722
post-template-default,single,single-post,postid-89722,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Maerki Baumann enables trading and custody of cryptocurrencies

01 Jun Maerki Baumann enables trading and custody of cryptocurrencies

Posted at 12:07h in Cryptocurrency News by

Swiss private bank Maerki Baumann is offering trading and custody of cryptocurrencies and other digital assets to its clients.

The Zurich-based private bank recently secured a licence from the Swiss Financial Market Advisory Authority (FINMA) to deliver the services.

The move is aimed at establishing a bridge between traditional private banking and the crypto space.

Initially, the bank will support trading in Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Ripple.

It will also enable trading in other digital assets based on the ERC-20 token standard.

Plans are on to expand the portfolio of tradable cryptocurrencies and tokens eventually.

Loading ... Loading …

The trading orders placed with the bank will be moved through established partner companies, most notably the transaction bank InCore Bank, to professional crypto brokers and liquid crypto exchanges, noted Maerki Baumann.

“This will ensure that transactions can be rapidly executed and with a narrow trading spread (difference between the bid…

Source link

Tags:
, , , , ,