The traditional Swiss bank is now offering crypto currencies
Bordier & Cie is the next established financial institution to get into cryptocurrency trading.
The traditional Swiss private bank Bordier & Cie, which has been on the market for more than 170 years, has entered into a partnership with the Swiss crypto bank Sygnum to enable its corporate customers to buy crypto currencies
Thanks to the integration of the business-to-business (B2B) banking platform from Sygnum, the crypto currencies Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH) and Tezos (XTZ) can also be purchased via Bordier in the future.
As stated in the related announcement , this step will lay the „foundation for a wider range of regulated products and services for digital assets“. Evrard Bordier, managing partner of Bordier & Cie, adds:
„Thanks to our partnership with Sygnum Bank, we offer our customers a holistic solution and at the same time enable them to invest in this new, high-growth asset class with complete confidence.“
The decisive driving force behind the integration of cryptocurrencies is increased demand from customers who want to diversify their portfolios with the new asset class. In particular, the low correlation to the traditional financial markets is an important characteristic that makes cryptocurrencies an “effective instrument for improving diversification and achieving extraordinary risk-adjusted returns”.
Geneva-based Bordier & Cie was founded in 1884 and is now in the fifth generation of the Bordier family. The Swiss bank is the next established financial institution to venture into the crypto market in 2021. A clear sign that traditional finance is increasingly enjoying the innovative industry.