Swiss Bank To Provide Custody And Brokerage Services For Bitcoin, Ethereum
Portfolio Pulse from Khyathi Dalal
Switzerland's St. Galler Kantonalbank (SGKB) has partnered with SEBA Bank to launch digital asset custody and brokerage services for Bitcoin and Ethereum. The services will initially be available to wealth-management clients, followed by retail customers. SGKB plans to expand its digital asset offerings based on client demand. The move is part of a broader trend in Switzerland, with many local banks introducing cryptocurrency services.

November 02, 2023 | 8:08 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
SGKB's new digital asset custody and brokerage services for Bitcoin could increase demand for the cryptocurrency, potentially impacting its price.
The introduction of Bitcoin custody and brokerage services by a reputable bank like SGKB could attract more institutional and retail investors to the cryptocurrency, potentially driving up demand and price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
SGKB's new digital asset custody and brokerage services for Ethereum could increase demand for the cryptocurrency, potentially impacting its price.
The introduction of Ethereum custody and brokerage services by a reputable bank like SGKB could attract more institutional and retail investors to the cryptocurrency, potentially driving up demand and price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80