Santander offers Bitcoin, ETH trading for Swiss account holders: Report
High-net-worth individuals of Santander Private Banking International will have access to trade BTC and ETH, according to a report claiming access to a leaked internal communication.
The international arm of Spanish lender Banco Santander has reportedly rolled out a new service, allowing clients with Swiss accounts to invest in and trade Bitcoin (BTC) and Ether (ETH).
According to a report from Coindesk claiming access to a leaked internal communication, high-net-worth individuals of Santander Private Banking International will have access to trade BTC and ETH. Cointelegraph could not independently verify the development as Santander did not immediately respond to requests for comments at the time of writing.
While Santander’s rollout of the new crypto trading services will reportedly start off with BTC and ETH only, the banking giant will introduce other cryptocurrencies following the clearance of its screening criteria.
According to the report, Santander launched the BTC and ETH trading services upon request from clients through relationship managers. The bank will hold the private cryptographic keys of the tradable assets in a regulated custody model.
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