RATE Group | Swiss Bank Maerki Baumann Launches Crypto Custody and Trading
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Swiss Bank Maerki Baumann Launches Crypto Custody and Trading

01 Jun Swiss Bank Maerki Baumann Launches Crypto Custody and Trading

Posted at 19:17h in Bitcoin News by

Maerki Baumann, an unlisted family-owned bank in Switzerland, is expanding its cryptocurrency services by introducing crypto custody and trading.

Following regulatory approval from the Swiss Financial Market Advisory Authority, or FINMA, Maerki Baumann will be offering its clients the trading and custody of crypto starting from June 2020.

Five crypto assets will be available at the launch

Announcing the news on May 29, the Zurich-based private bank said that the launch of new crypto features comes in line with Maerki Baumann’s crypto strategy initiated in early 2019. As part of the strategy, Maerki Baumann has been offering business accounts for blockchain firms as well as providing advice for startups dealing with initial coin offerings and security token offerings.

At the initial launch, Maerki Baumann clients will be able to trade five major cryptocurrencies including Bitcoin (BTC), Ether (ETH), XRP, Bitcoin Cash (BCH) and Litecoin (LTC). Traders will be also offered to trade…

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