While the interest in Bitcoin (BTC) and cryptocurrencies continues to increase day by day, banks are not indifferent to this interest.
According to Coindesk, Santander Private Banking International, which is part of Spain's giant Banco Santander, is preparing to offer cryptocurrency trading and investment services for some of its customers in Switzerland.
In the announcement made by the bank, it was stated that in the first stage, Bitcoin and Ethereum (ETH) were selected as the crypto currencies that customers can buy and sell.
It was also stated that the bank will also offer additional cryptocurrencies that meet Santander's criteria in the next few months.
Santander's head of crypto and digital assets, John Whelan, said in a statement:
“Swiss regulation on digital assets is one of the first and most advanced in the world as it provides clarity and a comprehensive regulatory environment for our customers.
“As holding cryptocurrency as an alternative asset class continues to expand, we expect our customers to choose to rely on their existing financial institutions to be responsible for their assets.”
*This is not investment advice.