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6/18, 12:29 PM (Source: TeleTrader)
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BBVA Switzerland allows bitcoin trading for all private clients

Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) Switzerland announced on Friday that the bank is making its crypto-asset trading and custody service available to all private banking clients.

The new service will only be available in Switzerland and for the moment only extends to bitcoin trading, but the bank stated that it plans to expand its service to other cryptocurrencies in the future. Additionally, from now on, cryptocurrencies will be fully integrated into existing apps, with performance being viewed alongside traditional assets, and conversion into other currencies can be done without delay in-house.

Alfonso Gómez, BBVA Switzerland Chief Executive Officer, commented on the move: "There is a significant desire among investors for crypto-assets or digital assets as a way of diversifying their portfolios, despite their volatility and high risk."

Breaking the News / OL