Rajarshi Mitra
Independent Analyst
- Maerki Baumann, a Swiss bank, is launching crypto custody and trading services soon.
- The bank noted that the new crypto features come in line with Maerki Baumann’s crypto strategy initiated in 2019.
- Maerki Baumann CEO said that the new services would enable investment opportunities for institutional investors.
Maerki Baumann, a Swiss bank, is launching crypto custody and trading services soon. Following approval from the Swiss Financial Market Advisory Authority (FINMA), the bank will offer the crypto services.
The bank noted that the launch of the new crypto features comes in line with Maerki Baumann’s crypto strategy that was initiated back in 2019. As part of this strategy, the bank has been offering business accounts for blockchain companies. It has been providing advice for startups working on their initial coin offerings and security tokens offerings.
At the initial launch, Maerki Baumann customers will be able to trade five major cryptos, including Bitcoin (BTC), Ether (ETH), XRP, Bitcoin Cash (BCH) and Litecoin. They can also trade other ERC-20-based digital assets.
The bank is partnering with some established organizations to handle crypto trading. The trading orders placed with Maerki Baumann will be processed through liquid crypto exchanges, professional crypto bankers and banks, including InCore Bank AG.
Maekri Baumann said:
This will ensure that transactions can be rapidly executed and with a narrow trading spread.
The CEO of Maerki Baumann, Stephan Zwahlen, said that the new services will enable investment opportunities for institutional investors.
With the trading and custody of digital assets, not only are we tapping into a new business area, we are also creating additional investment possibilities for our core business. This will benefit younger, tech-savvy client segments as well as private and institutional clients who would like to seek out new sources of return in the digital sphere or further diversify their portfolios.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
Lukas Enzersdorfer-Konrad, Bitpanda deputy CEO: “Crypto needs Gary Gensler gone”
Lukas Enzersdorfer-Konrad is the deputy CEO at Bitpanda, a broker based in Europe with more than five million users. At the European Blockchain Convention held in Barcelona, the executive shared with FXStreet his views on the current state of the crypto industry and its regulation.
Bitcoin still consolidates despite positive spot ETFs demand
Bitcoin (BTC) trades slightly up, around $64,000 on Thursday, following a rejection from the upper consolidation level of $64,700 the previous day. BTC’s price has been consolidating between $62,000 and $64,700 for the past week.
Why is ONDO’s price outlook bullish?
DefiLlama data shows that Ondo TVL reached a new ATH of $613.75 million. Ondo’s Supply Distribution metric shows whale accumulation. On-chain data shows that ONDO’s daily trading volume is rising, and the supply of exchanges is decreasing.
Maker price eyes a rally on technicals and on-chain metrics
Maker trades above $1,500 on Thursday, suggesting a potential rally as technical indicators show bullish divergence. This positive outlook is reinforced by MKR’s Exchange Flow Balance, which shows a negative spike, indicating growing investor confidence in the platform.
Bitcoin: Fed-led rally could have legs towards $65,000
Bitcoin is poised for a second consecutive week of gains, supported by the recent 50-basis-point cut in interest rates by the Federal Reserve. Bitcoin broke above several key technical resistances this week, signaling a rally continuation.
Five best Forex brokers in 2024
VERIFIED Choosing the best Forex broker in 2024 requires careful consideration of certain essential factors. With the wide array of options available, it is crucial to find a broker that aligns with your trading style, experience level, and financial goals.