European Bitstamp has announced a partnership with major online Dukascopy, according to an announcement on Friday, Jan. 25.
Bitstamp will support bitcoin () transactions on behalf of Dukascopy Bank. Clients will be able to send BTC to their accounts, convert them to U.S. dollars and trade on the Swiss FX Marketplace. In addition to that, customers can transfer their funds back to the wallet in form of BTC. Bitstamp believes the new partnership will contribute to bridging the gap between crypto and traditional finance.
In October, 2018, Bitstamp by -based investment firm NXMH, which in its turn is owned by media conglomerate NXC Corp. Shortly after the acquisition, Bitstamp it was heading towards “global expansion.”
As Cointelegraph previously reported, another Swiss bank, Falcon Private Bank, support for direct transfers and storage of select cryptocurrencies. As of January, the bank supports four main coins — bitcoin, bitcoin Cash (), Ethereum (), and Litecoin ().
Earlier this month, major Swiss bank Vontobel a crypto custody solution targeting banks and , allowing them to offer their clients a number of crypto-related services including digital asset purchases, transfers and storage.
In December, 2018, the Swiss city of Zug — dubbed “Crypto Valley” — the fastest-growing tech community in Europe, according to the annual “State of European Tech” report from London-based global technology investment firm Atomico.
Another study conducted by Swiss crypto investment firm CV VC has shown that the number of blockchain-related firms in Switzerland and has despite “Crypto Winter.”
Published at Fri, 25 Jan 2019 22:00:00 +0000
