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Swiss Bank Falcon Offers Bitcoin Asset Management

July, 13 2017
watermark Economic news

The Switzerland’s private financial institution Falcon now stores and trade bitcoins through their cash holdings as it was proffered an affiliation with cryptocurrency broker Bitcoin Suisse.  They are deemed to be the primary in the private banking to provide blockchain asset management for clients in Swiss according to the global chief of Falcon.


The Zurich-based bank has dealt with a Malaysian corruption scandal and this expansion of services is part of their strategic “repositioning”. Their bitcoin services is being regulated by the Swiss Financial FINMA.


Even though more investors are still dubious in bitcoins, this reflects that the virtual currency is developing amid a slow-paced asset management environment but has the potential to contend for gold and state-issued money in value.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.