Some Swiss banks have been offering Cryptocurrency to their clients:
Online banking service provider Swissquote has seen a 44 percent surge in profits in the first half of 2018, an uplift attributed to the “crypto boom” earlier this year, local news outlet Finews reportsJuly 31.
In July 2017, the Swiss-based online bank was credited by many with becoming “the first” European online bank to launch Bitcoin (BTC) trading accounts for its clients.
Other Swiss financial institutions have been clamoring to post “firsts” in the integration of crypto into the financial sector, with Falcon Private Bank moving in just ahead of Swissquote in July 2017 to offer its clients direct access to Bitcoin and altcoin portfolios through a partnership with Bitcoin Suisse AG.
Finews attributes Swissquote’s bullish growth in Q1 2018 to a “brisk demand” for crypto products and the soaring fortunes of crypto markets earlier this year.
The Swissquote Group posted a profit of 25.7 million CHF ($26.01 million) in the first half of 2018, a 44 percent increase over the previous year, and saw a sharp rise in both the number of customer accounts and trading activity. According to Finews, the figures outstripped analysts’ calculations by 2.5 million CHF ($2.53 million).
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