After six months of testing, BBVA Switzerland has released its first crypto-asset trading and custody service to private banking clients. BBVA Switzerland has announced a crypto-asset trading and custody service to its private banking clients. The service comes after a period of testing that lasted six months. The testing period allowed the bank to better examine risks associated with the asset class, BBVA Switzerland CEO Alfonso Gómez.
More importantly, however, BBVA wanted to determine whether there was a “significant desire among investors for crypto assets or digital assets as a way of diversity their portfolios, despite their volatility and high risk,” said Gómez.
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