An exclusive bank that is swiss expanding a digital asset management service it established earlier this summer to add new crypto currencies
Falcon Private Bank, as earlier reported by CoinDesk, revealed that it would allow its clients to buy and hold bitcoin within their accounts via a partnership with brokerage solution Bitcoin Suisse. The launch was stated in the future after consultations with Swiss regulators, including the Financial that is swiss Market Authority (FINMA).
Now, that product line is growing to include ether, Bitcoin and lite coin cash. Clients of the bank will be able to start buying and holding those cryptocurrencies from 22, based on today's announcement August.
A traditional bank has moved to supply cryptocurrency services to its clients it’s a notable development, given that the initial service was effected online just over a month ago, marking the first time. As of last year, Falcon Private Bank had more thn $14 billion in assets under its authority.
"Falcon Private Bank was the bank that first offers Bitcoin directly to its customers, and thus built history,"
Bitcoin Suisse CEO Niklas Nikolajsen said in a statement.
"Their settlement to follow up by adding ether, as well as other crypto-assets, has made them the go-to bank that is private crypto-asset holders and investors."
At the right time of its Bitcoin service launch, Falcon also moved to install a Bitcoin ATM in its Zurich head office.