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.