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August 17, 2017

Falcon Private Bank adds support for more cryptocurrencies

Switzerland’s Falcon Private Bank has expanded its blockchain asset management offering to include additional cryptocurrencies – ether (ETH), litecoin (LTC) and bitcoin cash (BCH).

Falcon first launched bitcoin asset management solutions last month, becoming the first Swiss private bank to do so. The move, carried out in collaboration with crypto financial broker Bitcoin Suisse, has allowed customers of the bank to buy, exchange, and hold bitcoin.

The launch of bitcoin asset management solutions was approved by the Swiss Financial Market Supervisory Authority (FINMA). At the same time, Falcon also installed a bitcoin ATM at its headquarters in Zurich.

Bitcoin Suisse CEO Niklas Nikolajsen said: “Falcon Private Bank was the first bank to offer Bitcoin directly to its clients, and thus created history. Their decision to follow up by adding Ether as well as other crypto-assets has made them the go-to private bank for crypto-asset holders and investors.”

Customers will be allowed to purchase and hold the newly offered cryptocurrencies from 22 August 2017.

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