Bordier & Cie SCmA, one of Switzerland’s oldest banking institutions, now provides crypto trading services.
In a new statement, Bordier says it is partnering with Sygnum Bank to incorporate its B2B banking platform into the firm’s infrastructure.
The integration allows Bordier clients to buy, hold, and trade crypto assets on an execution-only basis, which means that Sygnum will only provide a platform for trading and storing cryptocurrencies and will not offer financial advice to clients choosing to utilize its digital asset service.
Bordier currently supports trading for Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and Tezos (XTZ).
The Swiss private bank, founded in 1844, makes its announcement amid growing client demand for digital assets, a sector which has grown from a roughly $200 billion asset class to a $1.5 trillion asset class in just a year.
Says Bordier managing partner, Evrard Bordier,
- “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.”