Online Bank Swissquote Partners With Bitstamp to Launch Bitcoin Trading

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Online banking service Swissquote is launching a brand new bitcoin buying and selling characteristic in partnership with digital currency change Bitstamp.

With the combination, Swissquote clients shall be ready to change bitcoin for euros and US , and vice versa, by means of their accounts. Bitstamp will present the technical know-how and backend help, in accordance to in the present day’s announcement.

Swissquote, based in 1999, is regulated by the Swiss Financial Market Supervisory Authority, from which it has a banking license. It presents on-line entry to monetary merchandise like bonds, choices and futures, in addition to bank card and financial savings account companies.

Swissquote CEO Marc Bürki stated in a press release:

“This is our first foray into the world of bitcoin, and so we wanted to work with a partner we could rely on. Bitstamp’s focus on regulation and compliance, as well as its payment institution [license], made it the standout choice for our needs.”

The collaboration represents one more one other conventional monetary service launching a brand new bitcoin-related providing.

Earlier this week, Swiss personal financial institution Falcon announced a partnership with Bitcoin Sussie AG, offering its high-net value particular person and institutional traders with the power to change and maintain bitcoin.

Trading screen image through Shutterstock

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