One of Switzerland's oldest banks now offers trading in cryptocurrencies

Cryptocurrency • February 24, 2021, 7:20AM EST
UPDATED: February 24, 2021, 7:28AM EST
Athanasios Gioumpasis / Getty Images

Bordier & Cie SCmA, a Swiss private bank founded in 1844, now offers trading in bitcoin and other cryptocurrencies.

Bordier has partnered with Sygnum Bank for the initiative, which means Sygnum's B2B Banking solution has been integrated with Bordier's internal infrastructure.

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The integration allows Bordier's clients to trade cryptocurrencies on an execution-only basis. That means Sygnum won't advise Bordier's clients on digital assets but only provide them with a platform to trade and store their cryptocurrencies.

Evrard Bordier, managing partner at Bordier, said the bank is seeing increasing demand from its clients for investing in cryptocurrencies and diversifying their portfolios.

Switzerland, in the recent past, has seen various government and private banks enter into the crypto space. These include Maerki Baumann & Co., InCore Bank, Basler Kantonalbank, Julius Baer, and others.

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