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Bitcoin
Bitcoin

LGT bank opens Bitcoin and Ether trading

  • LGT Bank has partnered with Swiss crypto bank Seba to offer Bitcoin and Ether custody and trading services.
  • LGT Group is launching its Bitcoin and Ether investments at LGT Bank in Liechtenstein. It is also making the switch to cryptocurrency.
  • LGT Group has collaborated with Swiss cryptocurrency bank Seba for digital asset custody and trading.
  • LGT Bank has been offering direct investments in Bitcoin and Ether since May. It works with Seba Bank to provide this service.
  • LGT Bank will initially offer custody and trading services for BTC and ETH.
  • Seba supports more than 14 cryptocurrencies, including altcoins like Litecoin (LTC), Polkadot (DOT), Tezos (XTZ), Tether (USDT) stablecoin and others.
  • LGT’s crypto services will be fully integrated with traditional assets and facilitate exchange transactions. However, this will only apply to customers living or professional in Liechtenstein or Switzerland.
  • LGT is one of the largest asset managers and investment companies in the world. Founded in 1920.
  • Roland Matt, CEO of LGT Bank of Liechtenstein, said LGT Bank’s entry into crypto is in line with the firm’s commitment to meeting the growing demand for investment opportunities. Added:

“Demand for cryptocurrencies has also increased among our customers in recent years. In developing our new offering, we placed special emphasis on security while focusing on clear, reliable processes and procedures. They are central to tackling this dynamic and still quite young asset class.”

  • This also shows that global banks and asset managers are increasingly increasing their investment services for Bitcoin and other cryptocurrencies.
  • Argentina’s two largest banks, Banco Galicia and Brubank, have announced their plans to enable crypto purchases for customers.
  • Some of the world’s leading banks made big Bitcoin moves in 2021. Bank of New York Mellon announced in February that it will hold and transfer BTC as an asset manager on behalf of its clients. Other global banks such as Argentinian BBVA and US Bank later announced the launch of similar crypto investment services.

RELATED :SEC Doubles Crypto Unit Size to Strengthen Investor Protection

About Hama Amefiz

Amefiz is a professional blockchain, cryptocurrency and tech journalist, regular contributor to newsbsc.com who is writing analysis about the latest developments in the cryptocurrency and blockchain space.

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