$ 59,613
$ 2,148.9
$ 249.49
okex ads

Arab Bank Now Offers Bitcoin Trading Services

Arab Bank Switzerland, a sister company of Middle East-based banking giant Arab Bank, is now offering trading and custody services of bitcoin (BTC) and ether (ETH), the world’s two largest cryptocurrencies.

Join the fastest growing network on Telegram

The move means Arab Bank Switzerland’s high net-worth clients, including business leaders and family entrepreneurs, can now get access to digital assets, according to a press release.

“We firmly believe that blockchain will disrupt the financial industry as we know it and we intend to be amongst the first banks to offer digital asset services to our clients in a secure and regulated environment,” said Arab Bank Switzerland CEO, Serge Robin.

For the custody service, the bank has partnered with Taurus Group, which has integrated its cold storage solution called ‘TAURUS-PROTECT,’ with the bank’s infrastructure. Taurus said the solution uses the Federal Information Processing Standard (FIPS) 140-2, level 3 certified hardware security modules (HSMs), “some of the most secure hardware in the world.”

“We have now a fully compliant and scalable infrastructure that we will use to provide institutional-grade digital assets services to our clients in complement to our traditional wealth management, asset management and credit solutions,” said Rani Jabban, a member of the executive committee at Arab Bank Switzerland.

Earlier this year, Julius Baer, one of the biggest banks in Switzerland, announced that it will offer digital asset services later this year, in an association local banking startup SEBA Crypto. Switzerland’s Financial Market Supervisory Authority (FINMA) recently issued banking and securities dealers’ licenses to SEBA Crypto and Sygnum.

About the author

A Nice Man

Leave a Reply


Subscribe To Newsletter

For updates and exclusive offers, enter your e-mail below.

Popular Posts

Jamaica, Ireland firm partner to test CBDC project in 2021
April 11, 2021By
Techemynt launches first New Zealand dollar stablecoin
April 11, 2021By
Goldman Sachs CEO Foresees “Big Evolution” for Crypto
April 11, 2021By


Video Posts

Blockchain-Based Solution For Security And Scalability For Any Business
April 9, 20210
Tech Adoption For Small Business
April 6, 20210

Crypto Stats

CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin59,613 0.05 % 0.97 % 4.47 %
Ethereum2,148.9 0.10 % 0.20 % 6.56 %
Binance Coin492.03 0.19 % 4.04 % 53.50 %
Tether0.9998 0.10 % 0.10 % 0.08 %
Polkadot43.88 0.58 % 0.43 % 36.39 %
Cardano1.240 0.17 % 1.70 % 6.38 %
XRP1.340 2.23 % 1.48 % 132.99 %
Uniswap29.95 0.42 % 0.88 % 1.51 %
Litecoin249.49 1.35 % 6.44 % 27.47 %
Chainlink34.04 3.66 % 5.92 % 16.11 %