Swiss Private Bank Bordier & Cie Launches Crypto Trading for Clients - CoinDesk
Bordier & Cie, a private Swiss bank founded back in 1844, has started offering cryptocurrency services to clients.
Announced Wednesday, Bordier & Cie clients will be able to buy, hold and trade cryptocurrencies including bitcoin, ethereum, bitcoin cash and tezos.The new offering comes via an integration with Sygnum’s B2B digital assets banking platform, which was said to be completed in less than 60 days.“We have seen increasing demand from our clients to diversify into alternative asset classes such as digital assets,” said Evrard Bordier, managing partner at Geneva-based Bordier & Cie.The digital assets firm will be responsible for custody of private keys for the cryptocurrencies, as well as choice of liquidity providers, anti-money laundering procedures and transaction monitoring.Sygnum's Swiss arm holds a banking license in the country, while its Singapore entity holds a capital markets services license.