Early summer, a private swiss bank started a cryptocurrency management service and now wants to take even new digital assets into it.
Known as Falcon Private Bank, in the past announced that it will make it possible for users to buy and keep bitcoin in their accounts. This was all made with a partnership with brokerage service Bitcoin Suisse and service came after talking through with Swiss regulators like Swiss Financial Market Supervisory Authority (FINMA).
So with the latest cryptocurrency fame specially LTC and Ether, the financial service took in action to grow the territory of its product adding Ether, Litecoin and Bitcoin Cash into its management. From August 22 clients and users will be able to manage these digital assets.
It has been only a month since the mentioned product has started working, making it the event where for the first time a bank has settled to deliver digital currencies services. Last year FPB had more than $14 bln in assets under control.
“Falcon Private Bank was the first bank to offer bitcoin directly to its clients, and thus created history,” Bitcoin Suisse CEO Niklas Nikolajsen said in a statement. “Their decision to follow up by adding ether as well as other crypto-assets has made them the go-to private bank for crypto-asset holders and investors.”
At the time of its bitcoin service launch, Falcon also moved to install a bitcoin ATM in its Zurich headquarters.
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