SGKB, Switzerland’s 5th Largest Bank, Will Offer Bitcoin and Ethereum Trading Services

In recent times, amid rumors of the approval of Bitcoin spot ETFs, institutional players continue to make strides into the cryptocurrency market. SGKB has announced its partnership with SEBA Bank to offer Bitcoin and Ethereum trading services.

St. Galler Kantonalbank (SGKB), as the fifth-largest cantonal bank in Switzerland, has announced its partnership with SEBA Bank to provide its customers with the opportunity to store and trade digital assets such as Bitcoin and Ethereum.

SGKB Plans to Add More Cryptos in the Future

St. Galler Kantonalbank (SGKB), one of the 24 cantonal banks in Switzerland and a commercial entity owned by the Swiss federal governments, will commence offering storage and trading services for cryptocurrencies like Bitcoin and Ethereum to a selected customer group as part of this collaboration. Additionally, SGKB is considering expanding these services based on customer demand and adding more cryptocurrencies to their offerings.

SEBA Bank’s Digital Asset Services

One of the reasons SGKB chose to partner with SEBA Bank for digital asset brokerage and custody services is SEBA Bank’s expertise in digital asset trading and storage, being a Switzerland-based financial institution specialized in this field.

SEBA Bank B2B President

Source: The Block

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